According to Odaily Planet Daily, the Yala team released an update on the X platform regarding a recent security incident, stating that the vulnerability resulted in the unauthorized transfer of funds. The team has now completed the control and located the relevant stolen assets on the chain. They are actively cooperating with law enforcement agencies to recover them.

Yala said it will take three measures: first, fully replenish all affected funding pools to ensure that users can exchange YU tokens for USDC at a 1:1 ratio; second, maintain information transparency and announce a liquidity recovery and security enhancement roadmap within 48 hours; third, continue to optimize the system security mechanism.

According to Coingecko data, the YU stablecoin is currently trading at $0.11 and has not yet restored its anchor.