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On September 17, Yala released a follow-up analysis report on the September 14 attack incident. The attacker exploited a temporary deployment key used during the authorized cross-chain bridge deployment to establish an unauthorized cross-chain bridge and extract funds. The YU token once depegged to $0.2, later stabilizing at $0.94. The official statement clarified that the attack did not exploit any protocol vulnerabilities and that Bitcoin reserves were unaffected. The hacker has returned 22,287,000 YU tokens, while the remaining 7,713,000 YU have been converted into 1,635.572 ETH, of which 151.5 ETH were mixed through Tornado Cash, and 1,474.6 ETH are distributed across 146 hacker-controlled wallets. Yala announced that the illegally minted YU tokens will be destroyed on September 23, restoring the 1:1 USDC redemption ratio. Additionally, users who suffered liquidation losses due to the depegging will be compensated, and Yala has already cooperated with law enforcement agencies to track down the hacker.

Jinse Finance reported that bond traders are ramping up options bets, expecting the Federal Reserve to implement at least one 50 basis point rate cut during the remaining three policy meetings this year. The market predicts that officials will make the first rate cut of 2025 on Wednesday, with a 25 basis point cut seen as the most likely outcome. However, despite persistent inflation, a cooling labor market is prompting some traders to hedge against the risk of a deteriorating economic outlook leading to more aggressive rate cuts in the coming months. This week, trading flows related to the Secured Overnight Financing Rate (SOFR) show rising demand for December options contracts—these contracts expire two days after the Fed's policy statement on December 10. SOFR is highly sensitive to Fed policy expectations. These positions will profit if the Fed implements two 50 basis point cuts or three 25 basis point cuts cumulatively at the September, October, and December meetings. These trades reflect a more dovish path than what is currently priced in by swap contracts—swap contracts are pricing in a cumulative rate cut of about 70 basis points by the December meeting.