Yala’s official statement outlines $5.5M liquidity injection and near-complete recovery of the YU stablecoin peg, with full recovery strategy to be disclosed by December 15, 2025.
Yala issued an official statement on November 18 detailing recovery efforts after a September 14 hack that caused a $7.64 million USDC loss and depeg of the YU stablecoin. The attack, via an unauthorized cross-chain bridge, prompted Yala to inject $5.5 million to restore the peg. Most stolen funds have since been recovered, aided by the October 29 arrest of the suspected hacker in Bangkok. Yala plans to share a full recovery and operations strategy by December 15, 2025.