Yala: The stolen assets have been identified on the chain and are actively working with law enforcement to recover them

PANews reported on September 15 that Yala released an update on the X platform according to a recent security incident. The vulnerability caused the funds to be transferred unauthorized, but the situation is currently under complete control. The stolen assets have been identified on the chain and are actively working with law enforcement to recover the losses with all their might. The following measures are promised: 1. Comprehensively guarantee liquidity: All funds that have been evacuated will be fully supplemented to ensure that every user can exchange YU tokens for USDC at a ratio of 1:1; 2. Information transparency: A clear roadmap will be released within the next 48 hours to illustrate the liquidity recovery plan and system security strengthening measures. Coingecko data shows that the price of Yala stablecoin YU is now at $0.11 and has not yet recovered from anchoring.