Yala Stablecoin Exploit: $120M $YU Minted, Price Crashes Before Recovery
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 … Read more