On September 14, the stablecoin protocol Yala disclosed that a recent security incident occurred when a hacker abused a temporary deployment key during the setup of an authorized cross-chain bridge. The attacker deployed an unauthorized bridge and extracted 7.64 million USDC (approximately 1,636 ETH). On October 29, the suspect involved in the case was arrested by law enforcement in Bangkok, Thailand, and most of the affected funds have been successfully recovered.Collapse
On September 14, the stablecoin protocol Yala disclosed that a recent security incident occurred when a hacker abused a temporary deployment key during the setup of an authorized cross-chain bridge. The attacker deployed an unauthorized bridge and extracted 7.64 million USDC (approximately 1,636 ETH). On October 29, the suspect involved in the case was arrested by law enforcement in Bangkok, Thailand, and most of the affected funds have been successfully recovered.
- Amount of loss
- $ 7,640,000
- Attack method
- Security Vulnerability