Pyra to shut down following Drift hack

Cryptocurrency payment platform Pyra has announced its decision to cease operations. The company explained that the Drift hacking incident significantly impacted its business and users. Despite exploring ways to continue for the past few months, Pyra could not find a sustainable solution. As a result, new sign-ups have been suspended. Pyra plans to launch a web portal in the coming weeks to help existing users manage outstanding positions and withdraw their funds.