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Solana’s $1B USDC mint collides with DeFi app shutdown as users face unfinished Drift recovery

Summary by CryptoSlate
As a result of the Drift exploit, crypto payments platform Pyra has stopped accepting new users, canceled existing payment cards, and says withdrawals and private key exports will remain available through a web portal until September 15, 2026, according to Pyra’s shutdown announcement. Pyra also plans to use that portal to facilitate future Drift recovery token distribution once those tokens become available. Pyra's shutdown shows how exploit da…
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CryptoSlate broke the news on Thursday, June 18, 2026.
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