The Yala team released an update on the X platform regarding a recent security incident, stating that the vulnerability resulted in unauthorized transfer of funds. The vulnerability has been contained, and the stolen assets have been located on-chain. The team is actively cooperating with law enforcement to recover the funds. Yala stated that it will take three measures: first, fully replenish all affected pools to ensure users can convert YU tokens to USDC at a 1:1 ratio; second, maintain transparency and release a roadmap for liquidity restoration and security enhancements within 48 hours; and third, continuously optimize system security mechanisms. According to Coingecko data, the YU stablecoin is currently trading at $0.11, still not reverting to its peg.