Hacker Exploits $YU Token, Nets a Massive $7.7 Million Across Multiple Chains

Digital heist rocks crypto space as attacker drains millions from cross-chain protocol.

The Exploit Unfolds

A sophisticated attacker identified a vulnerability in $YU's smart contract architecture, executing a flawless drain attack across Ethereum, BNB Chain, and Polygon. The hacker's method bypassed standard security protocols, siphoning funds directly from liquidity pools without triggering immediate alarms.

Cross-Chain Movement

After securing the $7.7 million haul, the perpetrator fragmented the assets across multiple wallets and chains—classic money laundering maneuvers that complicate tracking. Blockchain analysts observed rapid token swaps into privacy coins and stablecoins, with portions bridging to offshore exchanges.

Industry Response

Security firms issued immediate alerts, urging holders to revoke permissions linked to $YU contracts. The token's value plummeted 98% within hours—another brutal reminder that in crypto, your gains are only as secure as the weakest line of code. Exchanges began freezing suspicious deposits, but the damage was already done.

Just another day in decentralized finance—where the only thing more innovative than the technology is the creativity of those exploiting it. Maybe next time, teams will prioritize audits over hype. But probably not.

A hacker has conducted a massive exploit of the $YU token, minting hundreds of millions of tokens and swapping some of them into stablecoins and ethereum on various blockchains. The cross-chain infrastructure remains a challenge that is indicated in the incident.

The attacker minted 120 million $YU tokens on the Polygon network, according to on-chain data. This was cross-bridged and sold within Ethereum and Solana for 7.71 million, and the hacker received 7.7 million in USDC.

Remaining $YU Tokens Still in Circulation

Although the first conversion has already brought great returns, the hacker does not yet have small sums of the hacked tokens. It has been reported that there are 22.29 million $YU that are still in wallets in both solana and Ethereum.

Besides, approximately 90 million $YU remain on Polygon, unexchanged and unexpended. Participants in the market are now keenly following whether the hacker will seek to transfer these funds, which WOULD result in additional interference with the liquidity in chains.

The magnitude of the exploit has brought up questions concerning the security measures of the ecosystem of $YU and the larger issue concerning the vulnerability of minting and lack of cross-chain oversight.

Conversion Into Ethereum

The hacker then exchanged the stablecoins with Ethereum after converting a portion of the stolen YU into USDC. The total amount of USDC exchanged with 1,501 ETH was 7.7 million.

The money was split into wallets to hide its trail.

Security Concerns Remain

The event once again highlights the susceptibility of token minting and bridging systems that may subject an ecosystem to devastating losses. Despite being the key to increasing liquidity and utility, cross-chain protocols remain a high-profile sector that hackers are interested in.

In the case of the $YU community, this is yet to be solved since millions of exploited tokens are still going round. Unless recovery operations are undertaken or the stolen money is blacklisted, further liquidations by the hacker may still be made.

The case is one among a rising number of high-profile adventures in the decentralized finance world, which further supports the idea that stricter security audits and enhanced cross-chain protection are necessary.