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

ChainCatcher reported that the Yala team released an update on platform X regarding the recent security incident, stating that the vulnerability led to unauthorized transfers of funds. The situation is now under control, and the stolen assets have been located on-chain. The team is actively cooperating with law enforcement to recover the funds.

Yala announced three measures: first, to fully replenish all affected liquidity pools and ensure users can redeem YU tokens for USDC at a 1:1 ratio; second, to maintain transparency by publishing a roadmap for liquidity restoration and security enhancements within 48 hours; and third, to continuously optimize the system's security mechanisms. According to Coingecko data, the YU stablecoin is currently priced at $0.11 and has not yet regained its peg.