SlowMist confirms stablecoin project Yala has been attacked and is assisting with investigation and analysis
Jinse Finance reported that a member of the SlowMist team confirmed that Bitcoin liquidity and its native stablecoin project Yalaa had suffered an attack. Both parties have established contact and are analyzing the incident. Previously, community users discovered that Yalaa's stablecoin YU could not be redeemed through official channels, and Pendle had also issued a risk warning. The stablecoin YU had experienced a severe depeg, with losses possibly reaching 30 million US dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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