Cointime

Download App
iOS & Android

Yala hackers minted 120 million YU on the Polygon network

 according to Lookonchain monitoring, Yala hackers minted 120 million YU on Polygon, and then sold 7.71 million YU on Ethereum and Solana through cross-chain transactions, exchanging them for 7.7 million USDC. Currently, the hacker still holds 22.29 million YU on Solana and Ethereum, and another 90 million YU remains on Polygon, yet to be cross-chained. The hacker has already exchanged 7.7 million USDC for 1501 ETH and transferred them to multiple wallets.

Comments

All Comments

Recommended for you

  • IMF Warns: AI May Have Disruptive Effects on Employment and Tax Systems

    On October 12, IMF President Kristalina Georgieva warned that AI is having disruptive effects on the labor market and tax systems, and policymakers need to rethink the education system and take immediate action to help society adapt to these changes. Georgieva stated during her debut at the IMF and World Bank Annual Meetings in Bangkok on Monday, "This is a slowly moving tsunami, but it is still a tsunami." In a session discussing the impact of AI on employment, she noted that AI has weakened demand for certain human workers by replacing a large number of repetitive, procedural jobs; at the same time, it is driving an increase in low-wage positions in industries such as construction, which she believes is "not something to celebrate." Georgieva indicated that this transformation will have profound implications for public finances, with the risk that AI may shift the economy from labor to capital, thereby undermining government tax revenues, as labor income has traditionally been a significant basis for taxation.
  • SWI Group Raises $895 Million to Transform Bitcoin Mining Facilities into AI Infrastructure

    On October 12, The Block reported that SWI Group has raised €800 million (approximately $895 million) from institutional investors following its acquisition of Genesis Digital Assets, a Bitcoin miner owned by FTX. The funds will be used to expand its AI data centers and high-performance computing infrastructure in the United States and Europe. As part of its strategic transformation, the company is repurposing suitable Bitcoin mining facilities for AI computing, gradually exiting the cryptocurrency mining business.
  • CSRC: Exploring Systems and Practices More Suitable for Innovative SMEs

    Wang Li, Deputy Director of the General Office of the China Securities Regulatory Commission (CSRC), stated at a press conference for the 2026 Financial Street Forum Annual Meeting on October 12 that over the past five years, the CSRC has solidly promoted high-quality market development. The Beijing Stock Exchange has operated safely and stably, effectively fulfilling its functions, and positive results have been achieved in market construction.
  • PlanB: Transferred Bitcoin to ETF in 2025, Claims No Regrets

    On October 12, PlanB (@100trillionUSD) stated that it transferred its Bitcoin holdings to an ETF in 2025, a decision that faced considerable criticism at the time. He later mentioned that Coldcard had previously exposed an entropy issue, and that some Ledger devices were found to have unauthorized hardware implants. He expressed 'zero regrets' about the ETF decision, which brought him peace of mind. In his earlier disclosures, PlanB noted that managing Bitcoin in the same way as stocks and bonds was more convenient, eliminating the need to handle private keys, and admitted that he is 'no longer a Bitcoin maximalist.'
  • Weidao Nano Plans to Raise Up to RMB 4.944 Billion for Semiconductor Equipment Projects

    On October 12, Weidao Nano announced that the company intends to issue A-shares to no more than 35 specific investors, aiming to raise a total of no more than RMB 4.944 billion. The funds are planned to be allocated as follows: RMB 729 million for the Wuxi Advanced Semiconductor Equipment Industrialization Upgrade Project, RMB 289 million for the Central China Advanced Semiconductor Equipment Industrialization Project, RMB 3.225 billion for the Cutting-edge Thin Film Deposition Technology R&D Center Project, and RMB 700 million for supplementing working capital. This issuance is subject to approval by the shareholders' meeting, review by the Shanghai Stock Exchange, and registration approval by the China Securities Regulatory Commission.
  • Zelensky: Russia Attacked Ukraine After Trump's Claim of 'Energy Ceasefire'

    On October 12, Zelensky stated that Russia attacked Ukraine after Trump claimed that Russia and Ukraine agreed to an 'energy ceasefire.' It is clear that Putin does not check Truth Social. If Russia does not agree to the energy ceasefire, it will respond. The long-range strikes will not end unless Russia stops. Russia has violated Trump's energy ceasefire. Russia must demonstrate its agreement to the energy ceasefire.
  • Morgan Stanley Delays Tokenized Stock Support to Q1 2027

    On October 12, The Block reported exclusively that Morgan Stanley now expects to begin supporting tokenized stock trading on its Alternative Trading System (ATS) in the first quarter of 2027, later than the previously announced timeline of the second half of 2026. Amy Oldenburg, head of digital asset strategy at Morgan Stanley, stated in an interview that Q1 "may be more realistic as it will align with other activities happening in the broader ecosystem," and noted that the team is "definitely actively pushing forward" with the related work.
  • 10x Research: Bitcoin Options Prices at Five-Year Low, Investors Bullish but Hedging Risks

    On October 12, 10x Research reported that Bitcoin options prices have fallen to a five-year low, with the near-term implied volatility at 33.5%, more than 4 percentage points lower than the actual volatility, indicating that options are relatively cheap. Over the past week, the skew of Bitcoin options has decreased by nearly 3 percentage points, with traders focusing on buying put options expiring in October with strike prices of $78,000 and $80,000, with single large trades reaching up to $204 million. 10x Research believes this indicates that investors overall still hold long positions while hedging downside risks through options, rather than fully turning bearish. In contrast, the signals from the Ethereum options market are different: its largest corporate buyer has indicated that it will stop buying in the coming weeks, with options trading primarily dominated by sellers of call options, and the implied volatility is higher than the actual volatility.