Yala announced that it will destroy the illegally minted YU Token on September 23.

On September 17, Yala released a follow-up analysis report on the attack incident that occurred on September 14. The attacker exploited a temporary deployment Secret Key during the authorization of the cross-chain bridges to establish an unauthorized cross-chain bridge and extract funds. The YU Token briefly depegged to $0.2, before stabilizing at $0.94. The officials stated that the attack did not exploit any protocol vulnerabilities, and the Bitcoin reserves were not affected. The hacker has returned 22.287 million YU Tokens, and the remaining 7.713 million YU have been converted to 1635.572 ETH, of which 151.5 ETH was mixed through Tornado Cash, and 1474.6 ETH is spread across 146 wallets controlled by the hacker. Yala announced that it will destroy the illegally minted YU tokens on September 23, restoring the 1:1 USDC exchange rate. At the same time, it will provide compensation to users who suffered liquidation losses due to the depegging, and has collaborated with law enforcement to track the hackers.