YO Release of yoUSD Event Review: Automatic exchange operation caused a $3.7 million gap, which has been fully filled by the treasury

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.