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YALA fell over 19% in 6 hours, market capitalization dropped to 38 million USD
On September 14, influenced by the news of Yala's hacker attack, YALA fell over 19% in 6 hours, with its market capitalization dropping to 38 million USD. Members of the Slow Fog team confirmed that the liquidity of Bitcoin and its native stablecoin project Yalaa were attacked, and both parties have established contact to analyze the incident. Previously, community users found that Yala's stablecoin YU could not be redeemed through official channels, and Pendle has also issued a risk warning. Its stablecoin YU had previously experienced a severe de-pegging, with losses potentially reaching 30 million USD.