yala

Binance contracts will automatically settle the RVVUSDT and YALAUSDT U-margined perpetual contracts on February 10, 2026, at 17:00, and the aforementioned perpetual contract trading pairs will be delisted after the settlement is completed.Starting from February 10, 2026, at 16:00, users will not be able to open new positions under the aforementioned perpetual contracts. It is recommended that users close their positions before trading stops to avoid automatic liquidation of their positions.

Bitcoin's native liquidity protocol Yala tweeted, "As the protocol continues to evolve, YU is no longer an active or necessary component in Yala's current and future product roadmap.However, the YU redemption function remains operational and unaffected. Holders can continue to follow the YU-USDC redemption plan and can exchange once the official redemption pool is open."

Yala announced on platform X that all native BTC under the institutional model will be withdrawn from the Yala protocol. This process is completely separate from retail activities and will not affect the retail users' YU balances or redemption rights. A complete redemption plan and timeline will be announced on December 15.In addition, Yala will release an updated roadmap outlining the next phase of development, including a shift towards AI-driven agent prediction.

Yala stablecoin YU has dropped to $0.116, having plummeted to $0.097 yesterday, nearly reaching zero, with a decline of up to 88.4% over the past seven days.According to the Yala team, they are currently assessing the scale of funding needed to stabilize the market and are advancing financing with law enforcement and funding partners. A clear plan, including the path for fund recovery and subsequent operational measures, is expected to be outlined by December 15.

Yala recently responded to the de-pegging of its stablecoin YU and the liquidity crisis.On September 14, 2025, Yala was hacked, resulting in a loss of 7.64 million USDC (approximately 1,636 ETH at the time). Although this incident caused YU to temporarily de-peg, there were no vulnerabilities in the core protocol. The team injected 5.5 million dollars to maintain stability, after which YU regained its peg and the protocol returned to normal operation.On October 29, 2025, law enforcement in Bangkok arrested the hacker, and most of the affected funds have been recovered from the hacker. The funds are currently under judicial review, but due to some funds being converted to ETH before recovery, subsequent price declines, and the funds already consumed by the attacker, the actual recovered value has diminished.The recent withdrawal of retail investors from the DeFi market has triggered further panic, putting additional pressure on an already illiquid market. Euler has also been affected, as some positions and liquidity previously used to stabilize YU are now restricted.Yala has not integrated with Kamino's lending products. The following wallet does not belong to the Yala team or related members: AyCJS5t4kwRauXShpNygmUqhA2xzwjjVvafNTknNV41X.The team is assessing the scale of funding needed to stabilize the market and is working with law enforcement and funding partners to advance financing. Given the current liquidity tightening across multiple protocols and assets, this process will take time. The team commits to announcing a clear plan by December 15, 2025, including the funding recovery path and subsequent operational measures.

CoinMarketCap data shows that Yala (YU) has significantly dropped in the past 24 hours, with the current price around $0.3709, a 24-hour decline of 38.79%. The token's market capitalization is approximately $33.3 million, with liquidity of only $1.4K.In terms of trading volume, the total transaction volume of YU in the past 24 hours is about $12.4K, with approximately 90% coming from the YU/USDC trading pair on Uniswap, which has a 24-hour transaction volume of about $11.5K and pool liquidity of only $977.6.

On-chain data shows that the Yala stablecoin YU has significantly de-pegged, currently dropping to $0.44 on the Ethereum mainnet and $0.368 on Solana.According to previous news from ChainCatcher, the Yala stablecoin YU experienced suspicious lending situations similar to USDX over the weekend. Yala responded yesterday, stating that they have noted the community's concerns regarding the stablecoin YU and are conducting an investigation.

The stablecoin protocol Yala stated that the team has noticed the community's recent concerns regarding the stablecoin YU, and is currently conducting an investigation, with updates to be released in due course.Previously, it was reported that the Yala stablecoin YU exhibited suspicious circumstances similar to USDX, with related addresses borrowing USDC at extremely high interest rates but never repaying.

The DeFi community YAM posted on X, stating that dangerous signals have been observed regarding the Yala stablecoin YU. An address closely related to Yala is fully borrowing USDC and most of the YU funds from the Yala Frontier market on Euler, despite interest rates remaining high, with no repayment actions taken.Currently, the market's capital utilization rate has reached 100%, meaning lenders cannot withdraw any liquidity. The Euler team has also set the borrowing limit for the Yala market on Frontier to zero. It is reported that the Yala team has not responded to either the Euler team or Discord community users. YAM added that YU is still maintaining its peg on Solana, with nearly one million USDC available in its liquidity pool for price anchoring exit. This article serves more as a risk warning, and it is still uncertain whether Yala is truly in trouble.

ChainCatcher news, the stablecoin protocol Yala announced on platform X that there has been significant progress in the security attack incident the platform encountered, and the suspects involved have been arrested by law enforcement in Bangkok, Thailand.The official confirmation states that most of the affected funds have been successfully recovered, and all user compensation claims have been fully processed.

ChainCatcher news, the Web3 project Yala announced that its co-founder cktlore's X account has been confirmed to be compromised. Currently, the account is posting fake airdrop claim links.The Yala team reminds users that these links are all phishing links and should not be clicked. The official statement emphasizes that the claims are not yet open. The team will provide updates once access to the account is restored.

ChainCatcher news, Yala announced that it has completed the main remediation measures for the attack incident on September 14.The announcement stated that all unauthorized minted $YU have been destroyed, liquidity has been restored, and $YU has returned to its peg. Users can exchange USDC 1:1 through the Convert feature, and the cross-chain Bridge feature has been restored for use.In terms of incentives, Kamino incentives have been launched, and incentives with bribes from Euler, Pendle, and others will be rolled out in the next 1-2 days. Meanwhile, Yala has launched the "Double Berries" loyalty program, which will run until December 8 (the second season airdrop snapshot).For users whose cross-chain transfers have not yet arrived, Yala has opened a compensation application form, and it is expected that reviews and payments will be completed within 1-4 weeks. Yala stated that the protocol has upgraded its security mechanisms and will operate with higher stability in the future.

ChainCatcher message, the Yala team has released an update on platform X regarding the recent security incident, stating that the vulnerability led to unauthorized fund transfers. Control has now been established, and the related stolen assets have been located on-chain, with active cooperation with law enforcement to recover them.Yala stated that three measures will be taken: first, to fully replenish all affected liquidity pools, ensuring that users can exchange YU tokens for USDC at a 1:1 ratio; second, to maintain transparency by publishing a roadmap for liquidity restoration and security enhancement within 48 hours; third, to continuously optimize the system's security mechanisms. According to Coingecko data, the current price of the YU stablecoin is $0.11, and it has not yet regained its peg.

ChainCatcher message, Yala stated that to further enhance security and system performance, the Convert and Bridge functions will be temporarily unavailable to ensure stability during the upgrade process. Other protocol functions are not affected, and user assets remain secure. The latest updates will be announced after the maintenance is completed.In previous news, Yala released an update on the attack incident: "Our protocol recently experienced a failed attack that briefly affected the pegged price of YU. With the swift collaboration of SlowMist and our security partners, we have identified the issue and are implementing improvements to further strengthen the system. All user assets remain secure. We will focus on consolidating stability to make the protocol more robust. More updates will be released soon."

ChainCatcher message, Yala posted on platform X stating that the protocol recently experienced an attack event, which briefly affected the peg of YU. With the assistance of security partners like SlowMist, the issue has been identified, and improvement measures have begun to enhance system performance. The official emphasized that the security of all user assets has not been affected.

ChainCatcher message, Yala posted on platform X stating that the protocol recently experienced a failed attack, causing YU to briefly depeg. With the assistance of security partners like SlowMist, the issue has been confirmed and is being fixed, and the team will strengthen system robustness.The official emphasized that user asset security has not been affected.

ChainCatcher news, Slow Mist Technology's Chief Information Security Officer 23pds posted on X platform that they received an official request for help from Yala this morning and are currently following up and analyzing the matter. More information is pending disclosure from Yala. Previously, there were rumors that the protocol was attacked by hackers, and the stablecoin YU experienced a decoupling.

ChainCatcher news, according to market news, the Yala stablecoin YU once experienced a decoupling, with DEX Screener data showing that the price fell to a low of $0.2074, and has now rebounded to $0.8295.

ChainCatcher message, Bybit will launch the YALAUSDT perpetual contract on August 5, 2025, supporting up to 25x leverage. Users can trade in the innovation section.

ChainCatcher news, Binance will launch YALA and CARV USDT perpetual contracts.