PANews reported on September 17th that Yala has released a post-mortem analysis of the September 14th attack, detailing the timeline of the incident, analysis results, and its recovery plan. According to the report, a hacker abused a temporary deployment key during authorized bridge deployment to set up an unauthorized cross-chain bridge and withdraw 7.64 million USDC (approximately 1,636 ETH). The YU price briefly decoupled from the USDC to $0.20 before stabilizing at $0.94. No protocol vulnerabilities were exploited, and no Bitcoin reserves were compromised. Following the unauthorized overissuance of 30 million YU tokens to Solana, the hacker has returned a significant portion of the assets. The current status is as follows: 22.287 million YU tokens have been returned, and the remaining 7.713 million YU have been converted to 1,635,572 ETH. Regarding the recovery plan, all illegally generated YU will be destroyed on September 23rd, and liquidity will be fully restored: every user will be able to redeem YU for USDC at a 1:1 ratio. Some users were unfairly liquidated and penalized due to the YU decoupling. Starting September 23rd, Yala will initiate a claims process for liquidation penalty compensation.PANews reported on September 17th that Yala has released a post-mortem analysis of the September 14th attack, detailing the timeline of the incident, analysis results, and its recovery plan. According to the report, a hacker abused a temporary deployment key during authorized bridge deployment to set up an unauthorized cross-chain bridge and withdraw 7.64 million USDC (approximately 1,636 ETH). The YU price briefly decoupled from the USDC to $0.20 before stabilizing at $0.94. No protocol vulnerabilities were exploited, and no Bitcoin reserves were compromised. Following the unauthorized overissuance of 30 million YU tokens to Solana, the hacker has returned a significant portion of the assets. The current status is as follows: 22.287 million YU tokens have been returned, and the remaining 7.713 million YU have been converted to 1,635,572 ETH. Regarding the recovery plan, all illegally generated YU will be destroyed on September 23rd, and liquidity will be fully restored: every user will be able to redeem YU for USDC at a 1:1 ratio. Some users were unfairly liquidated and penalized due to the YU decoupling. Starting September 23rd, Yala will initiate a claims process for liquidation penalty compensation.

Yala announces recovery plan: Illegally minted YU tokens will be destroyed on September 23

2025/09/17 09:13

PANews reported on September 17th that Yala has released a post-mortem analysis of the September 14th attack, detailing the timeline of the incident, analysis results, and its recovery plan. According to the report, a hacker abused a temporary deployment key during authorized bridge deployment to set up an unauthorized cross-chain bridge and withdraw 7.64 million USDC (approximately 1,636 ETH). The YU price briefly decoupled from the USDC to $0.20 before stabilizing at $0.94. No protocol vulnerabilities were exploited, and no Bitcoin reserves were compromised.

Following the unauthorized overissuance of 30 million YU tokens to Solana, the hacker has returned a significant portion of the assets. The current status is as follows: 22.287 million YU tokens have been returned, and the remaining 7.713 million YU have been converted to 1,635,572 ETH. Regarding the recovery plan, all illegally generated YU will be destroyed on September 23rd, and liquidity will be fully restored: every user will be able to redeem YU for USDC at a 1:1 ratio. Some users were unfairly liquidated and penalized due to the YU decoupling. Starting September 23rd, Yala will initiate a claims process for liquidation penalty compensation.

Market Opportunity
YALA Logo
YALA Price(YALA)
$0,01535
$0,01535$0,01535
-0,64%
USD
YALA (YALA) Live Price Chart
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 service@support.mexc.com 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.