MyStonks Pauses Withdrawals Amid $6.2M Transaction Issue
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 13 2025Withdrawal Issues at MyStonks: MyStonks, a DeFi platform specializing in synthetic assets, is experiencing withdrawal delays affecting $6.2 million, leading to a 17% drop in the value of its STONKS token and raising concerns about the reliability of DeFi platforms.
Company Response and Market Impact: CEO Alexei Vernon assured users that no funds are lost and that an investigation is underway; however, the situation has resulted in a 9.5% decrease in total value locked (TVL) and decreased investor confidence, with no regulatory body statements issued yet.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
