According to Mars Finance, on November 18, Yala officially responded on X regarding the de-pegging of its stablecoin YU and the liquidity crisis. · On September 14, 2025, Yala suffered a hacker attack, losing 7.64 million USD (equivalent to about 1636 ETH at that time). Although this incident caused YU to temporarily de-peg, the core protocol had no vulnerabilities, and the team injected 5.5 million USD to maintain stability. Subsequently, YU regained its peg, and the protocol resumed normal operations. · On October 29, 2025, law enforcement in Bangkok arrested the hacker, and most of the affected funds have been recovered from the hacker. The case is still undergoing judicial review, but some funds were converted to ETH before recovery, leading to a decrease in the actual recovered value due to subsequent price drops and the funds already consumed by the attackers.

The stablecoin YU under Yala has experienced a depeg for the second time this week, with the price dropping to $0.1444 on November 18, a decline of over 70% in 24 hours, marking the second big dump in two months. Tight liquidity, technical vulnerabilities, and insufficient collateral have been cited as the main reasons. This is the second time YU has experienced a depeg in just two months; in mid-September, attackers exploited vulnerabilities in the LayerZero multichain bridge or Private Key permissions to steal $7.64 million.

Bitcoin (BTC) further expanded its fall, with a temporary report of around $91,960 on November 18, and the outlook for the Federal Reserve's interest rate cut in December remains unclear. Yala's stablecoin YU has depegged for the second time, with a price drop of over 70%. Due to a decline in global risk appetite, Crypto Assets investment products have experienced the largest weekly outflow of funds since February, with an outflow amounting to $2 billion.

The over-collateralized stablecoin YU has depegged today, with the price falling to $0.41. This is the second depeg in two months, influenced by liquidity crises and last month's vulnerability incident. Abnormalities in the lending market have raised concerns, leading to the departure of some team members and causing unrest in the community. YU holders are finding it difficult to seek compensation, and the "stability" of the stablecoin is under severe scrutiny.

Yala (YU) has seen a significant price fall of about 38.79% in the last 24 hours, with the current price at approximately $0.3709, a market capitalization of about $33.3 million, and liquidity of only $1.4K. The Trading Volume of the token is around $12.4K, primarily from the YU/USDC trading pair on Uniswap.

Yala (YU) has fallen sharply by 52.92% in the past 24 hours, with the current price at $0.4415, market capitalization of approximately $39.66M, and volume dropping to $11.59K. There was a brief decoupling in the morning followed by a short rebound, but it failed to regain its peg. The DeFi community has warned of potential risks associated with YU.

Yala's stablecoin YU has de-pegged from 1 USD due to a single lending activity, leading to a liquidity crisis and causing panic. The authorities announced an investigation, but the community has raised questions about governance and transparency. This incident has exposed the core issue of long-term liquidity allocation imbalance, similar to the past USDX incident, which may affect investor confidence.

Today's news highlights: 21Shares launches two new crypto ETPs: focusing on AI protocols and Raydium tokens. Zhao Changpeng updates his X account profile, possibly hinting at a return to Binance. Yala announces recovery plan: will destroy illegally minted YU tokens on September 23. The Movement network will transform into a Layer 1 blockchain, supporting native token staking and Move 2.0. Binance will delist the ALPHAUSDT perpetual contract on September 23. The market value of BNB has surpassed 133 billion USD, setting a new record high and surpassing UBS to rank 166th in the global asset market value rankings. Insiders: Galaxy Digital plans to launch its own tokenized money market fund. Upbit will launch the TOSHI token on the KRW and USDT markets. macroscopic 21Shares launches two new crypto ETPs: 聚