Yala: Stolen assets have been located and recovered in cooperation with law enforcement agencies

Odaily Planet Daily News Yala's team released an update on the recent security incident on the X platform, saying that the vulnerability caused the funds to be transferred unauthorized, and the control has been completed, and the relevant stolen assets have been located on the chain, and are actively cooperating with law enforcement departments to recover them with all their might. Yala said it will take three measures: First, comprehensively make up all affected funds pools to ensure that users can exchange YU tokens for USDC at a 1:1 ratio; second, keep information transparent and announce the roadmap for liquidity recovery and security strengthening within 48 hours; third, continuously optimize the system security mechanism. According to Coingecko data, YU stablecoin is now quoting $0.11 and has not yet recovered from anchoring.