Recently, I went through the two depegging incidents of a certain stablecoin project YU, to be honest, it was a bit painful.

The first time it decoupled, I was still watching, and I only pulled out after the price stabilized. I had participated in their liquidity mining before, and after all that, I still didn't make a profit. This experience really taught me a lesson.

Let me first talk about how the first decoupling occurred, which was in mid-September last year.

Specifically, on September 13, 2025, at 7:20 PM (UTC), an attacker began large-scale minting operations against YU, simultaneously transferring assets across chains. This timing is crucial because after the attack started, the anchoring mechanism of YU began to encounter problems.

From the evening of the 13th to the 14th, the decoupling situation became increasingly severe. Many coin holders were discussing in the community whether to cut losses and exit, and the panic sentiment in the market spread rapidly.