Yala, the issuer of the Bitcoin-backed stablecoin YU, has suspended some of its product functions after what it described as an “attempted attack” that sent its token plunging from its dollar peg. The ...
Yala’s Bitcoin-collateralized YU stablecoin dropped as low as $0.2046 after an attempted protocol attack, failing to restore its $1 peg. Yala’s Bitcoin-backed stablecoin YU has failed to regain its ...
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