New Vulnerability Causes Polychain's Yala (YU) Stablecoin to Plummet to $0.20
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Malicious Attack on Yala Stablecoin: Yala stablecoin (YU), backed by Polychain, experienced a significant price drop to $0.2075 due to a malicious attack, prompting the team to enhance security measures and reassure users about the safety of their assets.
Price Recovery and Ongoing Volatility: Following the attack, YU rebounded to $0.91 but continued to experience fluctuations, trading between $0.7980 and $0.9960, with a notable increase in trading volume despite the instability affecting investor confidence in maintaining its 1:1 peg with fiat currency.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







