Yala responds to the YU depeg: The fall of ETH has caused the value of recovered assets to shrink, promising to provide a clear plan before December 15.According to Mars Finance, on November 18, Yala officially responded on X regarding the de-pegging of its stablecoin YU and the liquidity crisis. · On September 14, 2025, Yala suffered a hacker attack, losing 7.64 million USD (equivalent to about 1636 ETH at that time). Although this incident caused YU to temporarily de-peg, the core protocol had no vulnerabilities, and the team injected 5.5 million USD to maintain stability. Subsequently, YU regained its peg, and the protocol resumed normal operations. · On October 29, 2025, law enforcement in Bangkok arrested the hacker, and most of the affected funds have been recovered from the hacker. The case is still undergoing judicial review, but some funds were converted to ETH before recovery, leading to a decrease in the actual recovered value due to subsequent price drops and the funds already consumed by the attackers.
MarsBitNews·2025-11-18 02:18