According to DEX Screener, Yala's stablecoin, YU, invested in by Polychain, has decoupled from its price since 5:14 UTC+8 today, falling to a low of $0.2074 before recovering to $0.923. Furthermore, there is currently only $1,450 in USDC liquidity in the YU/USDC LP on Uniswap on Ethereum. On-chain data shows that a suspicious address, 0x29…74F5, minted 10 million YU from a null address between 4:10 and 4:13 UTC+8 today, redeeming 5.213 million of these YU for 5.213 million USDC through the Yala PSM. This address then purchased ETH with the 5.213 million USDC and distributed them to dozens of addresses at a rate of 10.1 ETH per address.

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