PANews reported on September 15th that Yala released an update on its X platform regarding a recent security incident. The update stated that the vulnerability resulted in unauthorized transfers of funds, but the situation is now fully under control. The company has identified the stolen assets on-chain and is actively working with law enforcement to recover the losses. The company has pledged to implement the following measures: 1. Full liquidity guarantee: All depleted funding pools will be fully replenished, ensuring that every user can convert YU tokens to USDC at a 1:1 ratio; 2. Information transparency: A clear roadmap outlining the liquidity restoration plan and system security enhancements will be released within the next 48 hours. Coingecko data shows that the price of Yala's stablecoin YU is currently $0.11 and has not yet restored its anchor.PANews reported on September 15th that Yala released an update on its X platform regarding a recent security incident. The update stated that the vulnerability resulted in unauthorized transfers of funds, but the situation is now fully under control. The company has identified the stolen assets on-chain and is actively working with law enforcement to recover the losses. The company has pledged to implement the following measures: 1. Full liquidity guarantee: All depleted funding pools will be fully replenished, ensuring that every user can convert YU tokens to USDC at a 1:1 ratio; 2. Information transparency: A clear roadmap outlining the liquidity restoration plan and system security enhancements will be released within the next 48 hours. Coingecko data shows that the price of Yala's stablecoin YU is currently $0.11 and has not yet restored its anchor.
Yala: Stolen assets have been identified on the chain and are actively working with law enforcement to recover them.
PANews reported on September 15th that Yala released an update on its X platform regarding a recent security incident. The update stated that the vulnerability resulted in unauthorized transfers of funds, but the situation is now fully under control. The company has identified the stolen assets on-chain and is actively working with law enforcement to recover the losses. The company has pledged to implement the following measures: 1. Full liquidity guarantee: All depleted funding pools will be fully replenished, ensuring that every user can convert YU tokens to USDC at a 1:1 ratio; 2. Information transparency: A clear roadmap outlining the liquidity restoration plan and system security enhancements will be released within the next 48 hours.
Coingecko data shows that the price of Yala's stablecoin YU is currently $0.11 and has not yet restored its anchor.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge!
The post IP Hits $11.75, HYPE Climbs to $55, BlockDAG Surpasses Both with $407M Presale Surge! appeared on BitcoinEthereumNews.com. Crypto News 17 September 2025 | 18:00 Discover why BlockDAG’s upcoming Awakening Testnet launch makes it the best crypto to buy today as Story (IP) price jumps to $11.75 and Hyperliquid hits new highs. Recent crypto market numbers show strength but also some limits. The Story (IP) price jump has been sharp, fueled by big buybacks and speculation, yet critics point out that revenue still lags far behind its valuation. The Hyperliquid (HYPE) price looks solid around the mid-$50s after a new all-time high, but questions remain about sustainability once the hype around USDH proposals cools down. So the obvious question is: why chase coins that are either stretched thin or at risk of retracing when you could back a network that’s already proving itself on the ground? That’s where BlockDAG comes in. While other chains are stuck dealing with validator congestion or outages, BlockDAG’s upcoming Awakening Testnet will be stress-testing its EVM-compatible smart chain with real miners before listing. For anyone looking for the best crypto coin to buy, the choice between waiting on fixes or joining live progress feels like an easy one. BlockDAG: Smart Chain Running Before Launch Ethereum continues to wrestle with gas congestion, and Solana is still known for network freezes, yet BlockDAG is already showing a different picture. Its upcoming Awakening Testnet, set to launch on September 25, isn’t just a demo; it’s a live rollout where the chain’s base protocols are being stress-tested with miners connected globally. EVM compatibility is active, account abstraction is built in, and tools like updated vesting contracts and Stratum integration are already functional. Instead of waiting for fixes like other networks, BlockDAG is proving its infrastructure in real time. What makes this even more important is that the technology is operational before the coin even hits exchanges. That…
Share
BitcoinEthereumNews2025/09/18 00:32
Top 7 Best Apps for Staking Crypto in 2026
SPONSORED POST* As the crypto market moves toward a stronger, utility-driven cycle in 2026, more investors are turning to staking crypto as a reliable way to generate
Share
The Cryptonomist2025/12/12 17:48
Zeely: Legit AI ad tool or just another scam?
Zeely is an AI-powered ad tool that helps small businesses, e-commerce owners, and local creators make and launch ads in minutes. Instead of hiring an agency, you
Share
Techbullion2025/12/12 19:37