--

[Yala Responds to YU Depegging Incident, Promises to Announce Recovery Plan by December 15] Yala's official statement addresses the stablecoin YU depegging and liquidity crisis: 1. On September 14, 2025, Yala suffered a hacker attack, losing $7.64 million USDC (approximately 1,636 ETH). The team injected $5.5 million to restore the peg. 2. On October 29, 2025, Bangkok law enforcement arrested the hacker and recovered part of the funds. However, due to the decline in ETH prices and partial fund consumption, the actual recovered value diminished. 3. Retail investors exiting the DeFi market exacerbated liquidity pressures, impacting positions used to stabilize YU. 4. Yala has not integrated with Kamino and disclosed non-team-related wallet addresses. 5. The team is assessing funding needs, advancing financing efforts with law enforcement and partners, and promises to announce a recovery and operational plan by December 15.

Loading...