The team has said that they are collaborating with SlowMist, a blockchain security startup, and other security partners in their investigation into the hack.
Moreover, the team assured users that their assets would be secure and that no other protocol functionalities would be impacted.
After a precipitous “attempted attack” early Sunday caused Yala’s Bitcoin-backed stablecoin YU to crash below $0.2046, it has been unable to recover its dollar peg.
In an X post, the Yala crew verified the occurrence and said it “briefly impacted YU’s peg.” Additionally, the team has said that they are collaborating with SlowMist, a blockchain security startup, and other security partners in their investigation into the hack.
The team wrote in their latest post on X:
“Update: All funds are safe. Bitcoin deposited to Yala remains self-custodial or in vaults, with none lost. We’ve identified issues and, as a precaution, paused some product features. Please wait for our gree
We współpracy z: https://thenewscrypto.com/yalas-bitcoin-backed-stablecoin-yu-loses-dollar-peg-after-exploit/
