DeFi protocol Yala (@yalaorg) is facing the biggest test since launch. Its stablecoin, $YU, suffered an exploit that shook investor confidence overnight. According to Wu Blockchain, a hacker managed to mint 120 million $YU out of thin air. From this massive supply, the attacker quickly sold 7.71 million $YU for 7.7 million USDC, using Ethereum and Solana via cross-chain execution. The attack sent shockwaves across the market. $YU, once marketed as a stable store of value, instantly depegged. Price Collapse and Sudden Recovery Data from DEX Screener shows the peg snapped at 5:14 UTC+8. $YU fell to a shocking low of
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