2026-01-15 03:55:25

The DeFi protocol YO has officially reported the latest developments regarding the yoUSD incident. According to statements, the treasury has returned to normal operation, and user funds are secure and safe.

The culprit behind this risk event was an unsuccessful automated currency exchange operation. This operation directly resulted in a funding gap of approximately $3.7 million. However, the YO treasury has already fully replenished the funds, and the gap has been completely closed. User account balances remain unaffected, with no loss whatsoever.

More importantly, the protocol's own solvency remains intact and has not been impacted in any way. This means that structurally, YO's ability to fulfill its commitments has not been compromised. Although the automated trading experienced a hiccup here, the emergency mechanisms and risk control systems held up well.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
5
Repost
Share

Comment

0/400

GasFeeLady

· 12h ago

honestly? $3.7m gap from a botched swap execution... that's the kind of thing that makes you check your MEV protection settings at 3am. but if the treasury actually covered it and no user funds got touched, that's the emergency system doing its job. still gonna monitor this one close tho - automation failures got a way of rhyming with themselves

Reply0

RetailTherapist

· 12h ago

A hole of 3.7 million USD can be patched up easily, this move is really impressive.

View OriginalReply0

CounterIndicator

· 12h ago

3.7 million is gone and then topped up? Luckily, luckily, at least it's not a scam. Automated trading, it seems, still needs to be watched closely. --- If the treasury can cover the gap, it shows the system is still okay, but in the future, such currency exchange operations need to be more cautious. --- Sounds like the official attitude is pretty good, honestly explaining the situation, and the funds haven't moved. In this regard, it's considered reliable. --- No problem with solvency? Then I'll keep observing for now, after all, automation has had issues before. --- Full coverage sounds good, but when will these automation bugs be completely fixed? --- The risk control held up, which is a bit of a positive, but next time, would you dare to use automation for currency exchange again? You should be aware.

View OriginalReply0

MEVSandwichVictim

· 12h ago

A $3.7 million hole can be patched up easily. This move is quite aggressive, but I wonder when the next automated trading glitch will happen again.

View OriginalReply0

BlockchainNewbie

· 12h ago

3.7 million lost again and again, this operation is a bit outrageous --- Automated trading failed, luckily risk control was effective, otherwise it would have been a social death --- To put it nicely, I just want to ask if there will be any more surprises next time --- Wow, the gap was fully filled? Then who is footing the bill? --- Still a bit nervous, do you trust automation? --- This time almost flipped over, luckily the emergency mechanism didn't fail --- As long as the money isn't lost, that's fine. I was so scared --- Wait, is having a good solvency ratio enough to prove there's no problem? I feel something's not quite right --- Thumbs up to YO, at least it's not a rug pull or a scam --- Automation failed again, when will it become reliable?

View OriginalReply0