MyStonks, a decentralized finance (DeFi) and social trading platform, has encountered a withdrawal issue amounting to $6.2 million. The problem arose due to an anomalous contract event.
Withdrawal Issues
A MyStonks user reported a $6.2 million withdrawal issue on August 13, 2025. The issue is linked to an anomalous event that occurred during smart contract operations, leading to delays for users in processing their withdrawal requests.
Company Response and Resolution
CEO Alex Kim and CTO @SatoshiMeme are investigating the delays. According to official statements, withdrawals have been paused for safety checks.
Consequences and Future of MyStonks
Following the announcement of the issue, the total value locked on the platform dropped sharply from ~$44 million to ~$31 million. Liquidity in pools, especially MyStonks:ETH and MyStonks:USDT, has significantly decreased. Historical events in DeFi, like issues with Celsius in 2022, highlight the risks associated with withdrawal pauses. The future of MyStonks will depend on its ability to restore liquidity and user trust.
The situation with MyStonks underscores the importance of regular contract audits to maintain user trust. Institutional investors are closely monitoring the unfolding events.
