Yala's Bitcoin-Backed Stablecoin YU Plummets to $0.20 Following Attempted Attack
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 14 2025Incident Overview: Yala, the issuer of the Bitcoin-backed stablecoin YU, suspended some product functions following an “attempted attack” that caused the token to drop significantly from its dollar peg, although the team assured that all user funds remained safe.
Exploit Details: On-chain data suggests that the incident may have been a successful exploit, with the attacker minting 120 million YU tokens and converting a portion into ETH, raising concerns about vulnerabilities in Yala's cross-chain infrastructure.
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.
