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⚠️ Yala’s Bitcoin-backed stablecoin YU suffers depeg after attempted attack
Crypto-Detective
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YU plunged to $0.20 on Sunday before recovering to around $0.78, failing to restore its $1 peg.
The Yala team confirmed the incident, saying “all funds are safe” and that BTC reserves remain intact in vaults or self-custody.
To contain volatility, Yala has paused Convert and Bridge features while security firm SlowMist investigates.
