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Yala released an analysis report on the liquidity event of the YU Token and plans to determine a clear recovery plan by December 15.
Bitcoin liquidity and stablecoin project Yala recently updated that attackers stole 7.64 million USDC through a fake cross-chain bridge, causing YU to depeg. The team injected funds and restored liquidity, and law enforcement has arrested the attackers and recovered some of the funds. Due to market tensions, Yala is assessing funding needs and plans to provide a recovery plan before December 15.
YALA-12.29%

