Yala’s Bitcoin-Backed YU Stablecoin May Fail to Regain Peg After Reported Attack
The post Yala’s Bitcoin-Backed YU Stablecoin May Fail to Regain Peg After Reported Attack appeared on BitcoinEthereumNews.com. Yala’s Bitcoin-collateralized YU stablecoin lost its dollar peg after an attempted protocol attack, briefly falling to $0.2046; the team says user funds are safe while features like Convert and Bridge remain paused as security partners investigate. YU stablecoin fell to $0.2046 after an exploit attempt Yala paused Convert and Bridge; Bitcoin reserves remain self-custodial or in vaults Attacker reportedly minted 120M YU, swapped 7.71M for ~7.7M USDC, converted to 1,501 ETH YU stablecoin drops to $0.2046 after attempted attack; Yala confirms funds safe and pauses features while investigating — follow updates from COINOTAG. Yala’s Bitcoin-collateralized YU stablecoin dropped as low as $0.2046 after an attempted protocol attack, failing to restore its $1 peg. Yala’s Bitcoin-backed stablecoin YU has failed to regain its dollar peg following an “attempted attack” that sent the token down to $0.2046. COINOTAG reports the project has paused select features while security partners investigate. ‘, ‘
The post Yala’s Bitcoin-Backed YU Stablecoin May Fail to Regain Peg After Reported Attack appeared on BitcoinEthereumNews.com.
Yala’s Bitcoin-collateralized YU stablecoin lost its dollar peg after an attempted protocol attack, briefly falling to $0.2046; the team says user funds are safe while features like Convert and Bridge remain paused as security partners investigate. YU stablecoin fell to $0.2046 after an exploit attempt Yala paused Convert and Bridge; Bitcoin reserves remain self-custodial or in vaults Attacker reportedly minted 120M YU, swapped 7.71M for ~7.7M USDC, converted to 1,501 ETH YU stablecoin drops to $0.2046 after attempted attack; Yala confirms funds safe and pauses features while investigating — follow updates from COINOTAG. Yala’s Bitcoin-collateralized YU stablecoin dropped as low as $0.2046 after an attempted protocol attack, failing to restore its $1 peg. Yala’s Bitcoin-backed stablecoin YU has failed to regain its dollar peg following an “attempted attack” that sent the token down to $0.2046. COINOTAG reports the project has paused select features while security partners investigate. ‘, ‘
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