Myswap cl Review: Should You Use It After the Exploit?

mySwap CL is a concentrated-liquidity automated market maker (AMM) on Starknet. AMMs let users swap tokens against pools rather than matching with another trader directly. In concentrated-liquidity designs, providers can allocate funds to selected price ranges instead of spreading them across every possible price. That can make capital more efficient, but it also means a position’s value and ability to earn fees depend on pool activity and market prices.

That describes the product type, not a reason to use mySwap CL now. The interface has been closed to new liquidity since December 2025, and a June 2026 exploit drained nearly all the protocol’s remaining liquidity. The current status of swaps and existing positions is not published. Treat mySwap CL as a compromised protocol to monitor, not as an active DEX for routine trading or liquidity provision.

You should not try to add liquidity: mySwap’s interface has been closed to new liquidity since December 2025. The later exploit makes that restriction more important, not less. On June 19, 2026, an attacker drained about $300,000 from the pools, leaving nearly all remaining liquidity gone. That means you should not assume there is enough liquidity for a swap, or that an old position can be withdrawn at its displayed value.

The status of withdrawals and any recovery process is not published. If you already have a position, avoid signing unfamiliar transactions or relying on a balance shown in an interface as proof that funds are recoverable. Look for a current official update that specifically addresses your position and the actions, if any, that users should take. Don’t add funds to pay a purported recovery fee unless you can independently verify the instruction.

mySwap CL’s current fees are not published. For any active AMM, the cost of using it can include a pool trading fee and network transaction fees; liquidity providers can also face losses when token prices move relative to their position. These usual cost categories do not make mySwap CL a good option now: its interface is closed to new liquidity, and the exploit drained nearly all of its remaining liquidity.

Without published current fees, pool depth or withdrawal status, you cannot reliably estimate the cost or outcome of a transaction. A swap through a thin or depleted pool may also execute at a poor price or fail, depending on the pool and transaction. Do not send funds just to test whether a pool still works. If mySwap publishes a new operating and fee schedule, check it alongside the pool’s liquidity and the security status before considering any interaction.

The most important trust issue is confirmed: mySwap CL suffered an exploit on June 19, 2026, and about $300,000 was drained from its liquidity pools. mySwap reports that the attacker bridged the funds and used Railgun to obscure their movement. Nearly all of the protocol’s remaining liquidity was lost. These facts make the risk of depositing or trading materially different from that of an operating DEX.

The current security notice does not identify an audit, licence, or recovery plan. An audit, if one exists, would not guarantee that a protocol is safe, and its status would need to be verified independently. There is also no published withdrawal status for existing positions. For now, don’t treat an interface or token balance as proof that funds are safe or available. Wait for specific, verifiable updates about the exploit and any recovery measures before interacting with the protocol.

There is no safe onboarding path for a new liquidity provider: the interface has been closed to new liquidity since December 2025, and nearly all remaining liquidity was drained in the June 2026 exploit. Don’t connect a wallet to deposit or approve tokens in the hope that the product is operating normally. mySwap does not publish current fees, withdrawal status or a recovery process, so you cannot make an informed decision about the likely transaction outcome.

If you have an existing position, first look for a current official update that explains whether any action is required and which contracts or transactions are involved. Verify contract addresses independently and inspect each wallet prompt before signing. Never share your seed phrase or private key, and be wary of unsolicited recovery offers. If no clear official instructions are available, waiting is safer than experimenting with transactions against a compromised protocol.