PANews January 15 News, DeFi protocol YO released a review of the yoUSD incident, stating that the yoUSD treasury has fully resumed operation, and funds are safe; this incident was caused by an unfavorable automatic exchange operation, resulting in a $3.7 million funding gap, which has been fully covered by YO’s treasury; user balances were not affected, and the protocol’s solvency was not impacted.
Earlier on January 13, it was reported that YO Protocol experienced abnormal Swap transactions, with approximately $3.84 million worth of stkGHO only exchanged for $12,200 USDC.
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