SlowMist has confirmed that the stablecoin project Yala has been attacked and is currently assisting with the investigation and analysis.

BlockBeats News, September 14th, a Slowmist team member published a post confirming that the Bitcoin liquidity and its native stablecoin project Yala were attacked. Both parties have been in contact and have analyzed this attack event.

Prior to this, community users found that Yala's stablecoin YU could not be redeemed through official channels, and Pendle has also issued a risk warning. Its stablecoin YU had experienced a severe de-pegging, with losses potentially reaching $30 million.