In terms of reaction speed, Yala really deserves praise!

Around 9 AM, community members discovered that YU showed signs of losing anchor, and immediately confirmed that the official redemption feature was no longer available.

What followed was an ominous feeling, and indeed, some community members mentioned the possibility of an attack during the discussion. However, since I am not skilled in analyzing data on the chain, I cannot verify whether this is true.

However, according to multiple sources, hackers still hold about 15 million YU. But due to the near exhaustion of on-chain and official liquidity, this portion of the hacker's assets cannot be liquidated either. Therefore, it is not recommended for everyone to bottom-fish at this time, after all, buying would only create sell orders for the hackers, if they indeed have chips in hand.

Finally, thanks to the timely reminders and operational suggestions from community members, everyone successfully exchanged about 90% of their YU for USDC in their wallets. This way, even in the worst-case scenario, the loss of funds will be controlled to within 10%.

In addition, many community members chose to short YALA at the first moment and have successfully realized profits.