News list for " lil"
The stablecoin protocol Yala posted on the X platform that all native BTC in Institution Mode will be removed from the Yala protocol, but YBTC will not be completely destroyed, because some YU is still locked in the Euler pool and cannot be withdrawn, and YU associated with this institutional mode address will not enter circulation. This process is completely independent of retail activity and is designed for institutional counterparties that trade under specific terms and have large positions. ...
On November 4th, the Finternet 2025 Asia Digital Finance Summit supported by OSL Group was held in Hong Kong today. Lily Liu, president of Solana Foundation, said that Solana is promoting the creation of "Internet capital markets" and plans to achieve a native IPO on the chain in the next few years. She said that Solana will also cooperate with institutions such as Western Union to deepen the application of blockchain in the field of payment and stablecoin, and pointed out that the essence of bl...
11月4日消息，由 OSL 集团支持的 Finternet 2025 亚洲数字金融峰会今日在香港举行。Solana 基金会总裁 Lily Liu 表示，Solana 正推动打造“互联网资本市场”，计划在未来几年实现链上原生 IPO。她表示，Solana 还将与 Western Union 等机构合作，深化区块链在支付与稳定币领域的应用，并指出区块链的本质是服务金融体系的技术平台，未...
On October 29th, Yala officially announced that the person responsible for the platform security bugs that took place on September 14th has been successfully arrested by the law enforcement agency in Bangkok, Thailand. According to the official news, most of the stolen funds have been successfully recovered, and all users' claims have been resolved.
Artificial intelligence startup Lila Sciences has received $115 million in new funding from Nvidia.
On September 17, Yala released a follow-up analysis report of the September 14 attack incident. The attacker used the temporary deployment key during the authorized cross-chain bridge deployment to establish an unauthorized cross-chain bridge and withdraw funds. The YU token was once unanchored to $0.20, but later stabilized at $0.94. Officials said that the attack did not exploit the protocol vulnerability, and bitcoin reserves were not affected. The hackers have returned 2228.7 million YU toke...
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, and 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: first, fully replenish all affected fund pools to ensure that users can exchange YU tokens for USDC at a 1:1 ratio; sec...
SlowMist team members have issued a document confirming that Bitcoin Liquidity and its native stablecoin project Yalaa have been attacked, and the two parties have established contact and analyzed the attack. Previously, community users found that Yala's stablecoin YU could not be redeemed through official channels, and Pendle has also issued a risk warning. Its stablecoin YU was seriously off-anchor, and the loss may reach 30 million US dollars.
According to market news, the Yala protocol is suspected to have been hacked, and the stablecoin YU has been de-anchored.
