Yala announces that it will destroy illegally minted YU tokens on September 23

On September 17, Yala released a follow-up analysis report on the attack on September 14. The attacker used temporary deployment keys during the deployment of the authorized cross-chain bridge to establish an unauthorized cross-chain bridge and withdraw funds. YU tokens once deanned to $0.2, and then stabilized at $0.94. Officials said that the attack did not exploit the protocol vulnerability and Bitcoin reserves were not affected. The hacker has returned 22.287 million YU tokens, and the remaining 7.713 million YUs have been converted to 1635.572ETH, of which 151.5ETH is mixed through TornadoCash, and 1474.6ETH is scattered in 146 hacker-controlled wallets. Yala announced that it will destroy the illegally minted YU tokens on September 23 and restore the 1:1 USDC redemption ratio. Compensation will be provided to users who suffer liquidation losses due to deaning, and has cooperated with law enforcement to track hackers.