As per Bijiie, Yala, a Bitcoin-backed stablecoin protocol, faced a $7.64 million hack in September 2025, where attackers exploited leaked deployment keys to mint unauthorized tokens and drain liquidity. The protocol responded swiftly by disabling bridges, destroying illicit tokens, and cooperating with authorities to recover most stolen assets. In October 2025, suspected hackers were arrested. Yala has since implemented enhanced key management, cross-chain security audits, and liquidity pool restorations to rebuild trust and strengthen its decentralized stablecoin infrastructure. The parent company, Yalla Group, reported a 0.8% revenue growth and $51.9 million in stock buybacks. Despite challenges like declining paid users and regulatory risks, Yala aims to capitalize on the growing Bitcoin-backed DeFi market.
Yala's Strategic Recovery and Future Potential in Bitcoin-Supported DeFi
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