Woofun AI reports that Pyra has officially announced the cessation of its business operations and the commencement of an orderly liquidation process. The company disclosed that this decision follows a comprehensive evaluation of all feasible strategic options, concluding that a gradual shutdown is the necessary course of action.

The official statement highlighted that the recent Drift vulnerability attack inflicted severe damage on both the firm's infrastructure and its user base. Despite extensive efforts over several months to identify a viable path for continued operations, Pyra determined that no sustainable solution could be secured, necessitating the current wind-down procedure.