Yala: Stolen assets have been located and law enforcement has been working to recover them
2025-09-15 01:32:11
On September 15th, the Yala team released an update on the recent security incident on the X platform, saying that the vulnerability caused the unauthorized transfer of funds, and the control has been completed. The relevant stolen assets have been located on the chain, and are actively cooperating with law enforcement to recover them. Yala said it will take three measures: one is to fully replenish all affected fund pools to ensure that users can exchange YU tokens for USDC at a 1:1 ratio; the other is to maintain information transparency and publish a roadmap for liquidity recovery and security enhancement within 48 hours; the third is to continuously optimize the system security mechanism. According to Coingecko data, the YU stablecoin is now reported at $0.11, but it has not yet been restored to anchor.
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