[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"blog-categories-en":3,"wp-translations":54,"fetchPost-crypto-news\u002Fyalas-stablecoin-yu-depegs-en-1":58},[4,14,22,30,38,46],{"id":5,"graphqlId":6,"name":7,"slug":8,"image":9,"uri":10,"count":11,"children":12,"locale":13},49,"dGVybTo0OQ==","Beginner's Guides","beginners-guides",null,"\u002Fcategory\u002Fbeginners-guides\u002F",12,[],"EN",{"id":15,"graphqlId":16,"name":17,"slug":18,"image":9,"uri":19,"count":20,"children":21,"locale":13},1,"dGVybTox","Crypto News","crypto-news","\u002Fcategory\u002Fcrypto-news\u002F",50,[],{"id":23,"graphqlId":24,"name":25,"slug":26,"image":9,"uri":27,"count":28,"children":29,"locale":13},53,"dGVybTo1Mw==","Earning Guides","earning-guides","\u002Fcategory\u002Fearning-guides\u002F",6,[],{"id":31,"graphqlId":32,"name":33,"slug":34,"image":9,"uri":35,"count":36,"children":37,"locale":13},45,"dGVybTo0NQ==","Exchange Guides","exchange-guides","\u002Fcategory\u002Fexchange-guides\u002F",20,[],{"id":39,"graphqlId":40,"name":41,"slug":42,"image":9,"uri":43,"count":44,"children":45,"locale":13},37,"dGVybTozNw==","Top 5","top-5","\u002Fcategory\u002Ftop-5\u002F",24,[],{"id":47,"graphqlId":48,"name":49,"slug":50,"image":9,"uri":51,"count":52,"children":53,"locale":13},57,"dGVybTo1Nw==","Trading Guides","trading-guides","\u002Fcategory\u002Ftrading-guides\u002F",14,[],{"post":55,"docs":57},[13,56],"RU",[13,56],{"type":59,"post":60},"post",{"id":61,"title":62,"slug":63,"uri":64,"date":65,"excerpt":66,"content":67,"postId":68,"language":69,"translations":73,"categories":80,"featuredImage":84,"seo":89},"cG9zdDo5NzM=","Yala’s Bitcoin-Backed Stablecoin YU Depegs to $0.20 After Unauthorized Mint","yalas-stablecoin-yu-depegs","\u002Fcrypto-news\u002Fyalas-stablecoin-yu-depegs\u002F","2025-09-15T13:12:33","\u003Cp>Yala’s dollar-pegged YU stablecoin fell sharply over the weekend, trading between $0.20 and $0.30 depending on venue, after what the team called an “attempted attack.” In statements and follow-ups, Yala said the incident was contained, that it’s cooperating with security firm SlowMist, and that it would restore liquidity pools and allow users to redeem YU … \u003Ca class=\"link-more\" href=\"https:\u002F\u002Fybex.io\u002Fcrypto-news\u002Fyalas-stablecoin-yu-depegs\u002F\"> Читать далее\u003C\u002Fa>\u003C\u002Fp>\n","\u003Cp>\u003Cspan style=\"font-weight: 400;\">Yala’s dollar-pegged YU stablecoin fell sharply over the weekend, trading between $0.20 and $0.30 depending on venue, after what the team called an “attempted attack.” In statements and follow-ups, Yala said the incident was contained, that it’s cooperating with security firm SlowMist, and that it would restore liquidity pools and allow users to redeem YU for USDC at a 1:1 rate.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>What exactly happened\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Coverage from multiple outlets and on-chain analysts points to an unauthorized token mint on Polygon that flooded supply and broke the peg:\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Ca href=\"https:\u002F\u002Fwww.theblock.co\u002Fpost\u002F370547\u002Fyalas-bitcoin-backed-stablecoin-yu-depegs-after-security-breach-leads-to-unauthorized-mint\">\u003Cb>The Block\u003C\u002Fb>\u003C\u002Fa>\u003Cspan style=\"font-weight: 400;\"> reported that an attacker minted 120 million YU, triggering the depeg. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Ca href=\"https:\u002F\u002Fforklog.com\u002Fen\u002Fyala-team-explains-stablecoins-plunge-to-0-3\u002F\">\u003Cb>ForkLog\u003C\u002Fb>\u003C\u002Fa> \u003Cspan style=\"font-weight: 400;\">recapped the team’s posts, noting YU slumped to ~$0.30 on Uniswap on Sept. 13, later clawing back part of the loss; the team said it had identified the stolen assets, contacted law enforcement, and emphasized that Bitcoin collateral remained safe. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Ca href=\"https:\u002F\u002Fcointelegraph.com\u002Fnews\u002Fyala-yu-stablecoin-depegs-after-attack?utm_campaign=rss_partner_inbound&utm_medium=rss_tag_blockchain%3F202404020816\">\u003Cb>Cointelegraph\u003C\u002Fb>\u003C\u002Fa>\u003Cspan style=\"font-weight: 400;\"> said YU dropped as low as ~$0.2046 during the episode and has struggled to restore the peg. \u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">ForkLog also summarized Lookonchain’s trace: the attacker sold ~7.71M YU for ~7.7M USDC across Ethereum and Solana, then bought ~1,501 ETH and split funds among wallets; tens of millions of YU reportedly remain on Polygon and other chains.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>What Yala says\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">In messages highlighted by ForkLog, the Yala team characterized the event as a security breach and said it is working with SlowMist and other partners. The team pledged to replenish affected liquidity pools and enable 1:1 YU-to-USDC exchanges, adding that all Bitcoin funds are secure and that the protocol continues to generate revenue (they cited a run-rate estimate in their post). \u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Separate notes from regional crypto media indicate SlowMist confirmed it received an official request for assistance from Yala, aligning with the team’s public statements. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>The depeg by the numbers\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Depth of price move:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> ~$0.20 intraday low (per Cointelegraph), ~$0.30 on Uniswap snapshots (per ForkLog’s DEX chart). \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Scale of mint:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> ~120 million YU unauthorized (per The Block; echoed by other market reports). \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Estimated swaps:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> ~$7.7M USDC realized from sales across chains; proceeds allegedly moved into ~1,501 ETH. \u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch2>\u003Cb>Why this matters for stablecoins\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Events like this spotlight enduring stablecoin depegging risks—especially for over-collateralized or crypto-collateralized designs that rely on bridges and cross-chain logic. Sudden supply shocks (via unauthorized minting) can overwhelm thin liquidity pools, producing outsized price gaps until arbitrage or protocol actions restore confidence. Educational resources note that liquidity depth and redemption mechanics are critical to minimizing depeg severity.\u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>What to watch next\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Redemptions and liquidity:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> Does the promised 1:1 YU→USDC facility materialize quickly, and at what scale? Are Uniswap and other pools replenished as pledged? (ForkLog reported Uniswap liquidity was modest relative to trading share during the sell-off.) \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Forensics and recovery:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> Any law-enforcement actions or asset freezes resulting from SlowMist’s investigation and the on-chain trail. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cb>Design changes:\u003C\u002Fb>\u003Cspan style=\"font-weight: 400;\"> Whether Yala implements mint-guardrails, rate-limits, or bridge controls to reduce cross-chain attack surfaces—common hardening steps after depegs across the sector. (Cointelegraph summarized the team’s initial framing as an attempted exploit under review.) \u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch2>\u003Cb>The broader market read-through\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Beyond YU, the incident is a reminder that stablecoin security isn’t just about reserves; it also hinges on minting controls, governance keys, oracles, and bridge infrastructure. Firms like SlowMist have repeatedly documented how breakdowns in any of those layers can cascade into price instability. \u003C\u002Fspan>\u003C\u002Fp>\n\u003Ch2>\u003Cb>Quick Conclusion\u003C\u002Fb>\u003C\u002Fh2>\n\u003Cul>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cspan style=\"font-weight: 400;\">YU depegged to ~$0.20–$0.30 over the weekend, depending on venue.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cspan style=\"font-weight: 400;\">Yala attributes the drop to a security breach\u002Fattempted attack; SlowMist is assisting. \u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cspan style=\"font-weight: 400;\">Reports indicate ~120M YU were unauthorizedly minted on Polygon; ~$7.7M was swapped into USDC, later into ~1,501 ETH.\u003C\u002Fspan>\u003C\u002Fli>\n\u003Cli style=\"font-weight: 400;\" aria-level=\"1\">\u003Cspan style=\"font-weight: 400;\">The team promises 1:1 redemptions and pool restoration and says BTC collateral remains safe.\u003C\u002Fspan>\u003C\u002Fli>\n\u003C\u002Ful>\n\u003Ch3>\u003Cb>Follow us:\u003C\u002Fb>\u003C\u002Fh3>\n\u003Cp>\u003Ca class=\"invalid-url\" href=\"http:\u002F\u002Fybex.io\u002F\" data-validation-message=\"Missing or incorrect post type prefix. Expected one of: blog, docs, roadmap, faq\">\u003Cspan style=\"font-weight: 400;\">Ybex.io\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"https:\u002F\u002Fx.com\u002FYbex_io\">\u003Cspan style=\"font-weight: 400;\">Twitter\u002FX\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"http:\u002F\u002Ft.me\u002Fybex_io\">\u003Cspan style=\"font-weight: 400;\">Telegram\u003C\u002Fspan>\u003C\u002Fa>\u003C\u002Fp>\n",973,{"code":13,"locale":70,"name":71,"slug":72},"en_US","English","en",[74],{"language":75,"slug":63,"status":79},{"code":56,"locale":76,"name":77,"slug":78},"ru_RU","Русский","ru","publish",{"edges":81},[82],{"node":83},{"name":17,"slug":18,"uri":19},{"node":85},{"sourceUrl":86,"altText":87,"title":88},"https:\u002F\u002Fybex.io\u002Fwp-content\u002Fuploads\u002F2025\u002F09\u002Fybex-pics-2025-09-15t151621.769.png","","Ybex pics – 2025-09-15T151621.769",{"canonical":90,"metaDesc":91,"readingTime":92,"opengraphTitle":62,"opengraphUrl":90,"opengraphImage":93,"twitterImage":9,"opengraphDescription":91,"twitterDescription":87,"title":62,"twitterTitle":87,"opengraphType":95,"opengraphPublishedTime":96,"opengraphModifiedTime":97,"breadcrumbs":98},"https:\u002F\u002Fybex.io\u002Fcrypto-news\u002Fyalas-stablecoin-yu-depegs\u002F","Yala’s YU stablecoin plunged to as low as $0.20–$0.30 after an unauthorized mint on Polygon. Details, timeline, and what it means for stablecoin risk.",3,{"sourceUrl":94,"altText":87},"https:\u002F\u002Fybex.io\u002Fwp-content\u002Fuploads\u002F2025\u002F09\u002Fybex-pics-2025-09-15t151621.769-300x169.png","article","2025-09-15T13:12:33+00:00","2025-09-15T13:12:34+00:00",[99,101,103],{"text":100,"relativeUrl":87},"Home",{"text":17,"relativeUrl":102},"\u002Fcrypto-news",{"text":62,"relativeUrl":104},"\u002Fcrypto-news\u002Fyalas-stablecoin-yu-depegs"]