According to Mars Finance, on November 18, Yala officially responded on X regarding the de-pegging of its stablecoin YU and the liquidity crisis. · On September 14, 2025, Yala suffered a hacker attack, resulting in a loss of 7.64 million USD (equivalent to approximately 1,636 ETH at the time). Although this incident led to a temporary de-pegging of YU, there were no vulnerabilities in the core protocol, and the team injected 5.5 million USD in funds to maintain stability. Subsequently, YU regained its peg, and the protocol resumed normal operations. · On October 29, 2025, law enforcement in Bangkok arrested the hacker, and most of the affected funds have been recovered from the hacker. The process is still in the judicial review stage, but due to some funds being converted to ETH before recovery, the subsequent price drop and the funds already consumed by the attacker have led to a decrease in the actual recovered value. · Recently, the withdrawal of retail investors from the DeFi market has caused further panic, putting additional pressure on an already illiquid market. Euler has also been affected, as some positions and liquidity previously used to stabilize YU are now restricted. · Yala has not integrated with Kamino's lending products, and wallets beginning with AyCJ do not belong to the Yala team or related members. · The team is assessing the scale of funds needed to stabilize the market and is working with law enforcement agencies and funding partners to advance financing. Given the current liquidity tightening across multiple protocols and assets, this process will take time. The team commits to announcing a clear plan by December 15, 2025, including the path for fund recovery and subsequent operational measures.
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