🚨 Yala Event Update
• The hacker used a temporary key to overmint 30 million $YU, which was exchanged for approximately 7.64 million USDC / 1636 ETH.
• 22.287 million $YU has been returned, and the remaining portion has been exchanged for ETH.
• September 23: All illegal $YU will be burned, and users can exchange USDC on a 1:1 basis.
• Users who have been liquidated due to unanchoring can appeal for compensation (Discord registration, processing takes 1–4 weeks).
•Contracts and bridges will be fully audited, and security governance is being upgraded.
🔒 User funds will be fully protected, and Yala will remain transparent, ensuring no losses to the community.
Dear Yetis,
We’ve published our Post-Mortem Report on the Sept 14 incident. It details the timeline, analysis, and our recovery plan.
→ No protocol vulnerability was exploited, and all Bitcoin reserves remain secure.
→ Full liquidity will be restored & $YU will return to its peg on September 23, 2025.
Our commitment remains the same: transparency, accountability, and making every user whole.
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