YALA drops over 19% in 6 hours, Market Cap Falls to $38 Million

BlockBeats News, September 14th, Yala Price Plunges Over 19% Following Hacker Attack News, Market Cap Drops to $38 Million.

A SlowMist team member posted confirming that Bitcoin liquidity and its native stablecoin project Yalaa were under attack. Both parties have been in contact and are analyzing the attack incident. Previously, community users found that Yala's stablecoin YU could not be redeemed through official channels, and Pendle has issued a risk warning. Its stablecoin YU had suffered a severe depegging, with losses of up to $30 million.