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The DeFi protocol YO has officially reported the latest developments regarding the yoUSD incident. According to statements, the treasury has returned to normal operation, and user funds are secure and safe.
The culprit behind this risk event was an unsuccessful automated currency exchange operation. This operation directly resulted in a funding gap of approximately $3.7 million. However, the YO treasury has already fully replenished the funds, and the gap has been completely closed. User account balances remain unaffected, with no loss whatsoever.
More importantly, the protocol's own solvency remains intact and has not been impacted in any way. This means that structurally, YO's ability to fulfill its commitments has not been compromised. Although the automated trading experienced a hiccup here, the emergency mechanisms and risk control systems held up well.