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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Yala: On-chain identification of stolen assets has been completed, and we are actively cooperating with law enforcement to recover them.
PANews September 15th news, Yala released an update on platform X regarding a recent security incident, stating that the vulnerability led to funds being transferred without authorization, but the situation is now fully under control. The stolen assets have been identified on-chain, and they are actively cooperating with law enforcement to recover the losses. They promise to take the following measures: 1. Comprehensive liquidity protection: all drained liquidity pools will be fully replenished, ensuring that every user can exchange YU Token for USDC at a 1:1 ratio; 2. Transparency of information: a clear roadmap will be released within the next 48 hours, outlining the liquidity recovery plan and system security enhancement measures. According to Coingecko, the price of the Yala stablecoin YU is currently reported at 0.11 USD, and it has not yet regained its peg.