Update: Saw the official announcement from @yalaorg saying they would re-inject liquidity into YU on the 23rd. Today, the 23rd, $Yu has basically returned to 0.98-0.99. The overall issue was caused by a temporary key problem. When Yala created the L0 cross-chain bridge, the attacker exploited a temporary local key to create an additional bridge, specifically Polygon-SOL. The attacker then minted 30 million fake $Yu on Polygon and bridged it to SOL to withdraw real $Yu. The attacker took away 7.7 million $Yu, which caused a major sell-off and temporarily de-pegged $Yu. Fortunately, the project team acted quickly to prevent the situation from worsening. Currently, the attacker has returned the remaining 22.28 million fake $Yu. Additionally, the project team will destroy these fake Yu and has personally covered the lost liquidity, bringing $Yu back to its peg. They’ve also initiated a claims process for liquidation penalties and compensation for affected users. This matter has been resolved satisfactorily, and we sincerely hope Yala can recover the funds in the future.