We got the sale wrong.
We tried to balance existing Patron holders, new participants, and fair distribution all at once and the result was a sale that (almost) nobody wanted to participate in.
Retail hates the lock.
Whales hate the cap.
Everyone hates the complexity.
To our community: you've been telling us. And you were right. And we apologize for how we handled this.
So, here's what's changing:
1/ Caps removed. No more $2,500 maximum. If you want to put in more, you can. We're done trying to guess the right number. The market will decide.
2/ Bottom-up fill. We're switching from random allocation to a "max-min fair allocation", also known as water filling. Everyone's allocation rises equally until it's full or supply runs out. Any excess contribution is refunded.
3/ Patron preference stays. Patrons still get priority on allocations, but we're waiting until the end of the sale to finalize exactly how - once we have real data on total demand instead of guessing.
We're keeping the lock. We still believe lockups create the long-term alignment for those who believe in the product.
Which brings us to the product – we haven’t spent enough time showing and telling you why you should use Infinex. Which changes now.
So here's what we've actually built - a new kind of crypto app that feels like a CEX but is self-custodial:
→ A best-in-class swap and bridge aggregator - live on 24 chains, including OG networks like ZEC, XRP and DOGE that are hard to access elsewhere
→ A perps trading experience built from the ground up by @0xEquinox_ and team, starting as a frontend for @HyperliquidX (#2 builder code), with @Lighter_xyz and @synthetix_io coming soon
→ A browser extension (led by the Herculean efforts of @ben_kurrek) that lets you take your Infinex account to any onchain app - currently 5★ on Chrome Web Store
→ Passkey-secured accounts powered by @turnkeyhq - no seed phrases, no custody responsibility pushed onto users
→ Unified portfolio and wallet management, giving you access to all your crypto wallets across devices
→ An unmatched customer service team headed by @Khaleesi_98
We created Infinex because crypto should be easier to use, and we made a big dent in our goal last year.
We have a massive feature roadmap planned for 2026, including a native mobile app, private sends, hardware wallet support, and much more.
We've built an amazing team and a compelling product, and we’re here to build for the long term.
We've spent a lot of time trying to get your attention – for better and worse.
Now we're asking you to try the product and make up your own mind.
Updates on YU & Liquidity
The Yala team is aware of recent liquidity issues, as well as a variety of concerns raised by the Yala community.
Below is an updated status report addressing these:
1/ YU liquidity: Incident response & post mortem
On September 14, 2025, an exploiter used temporary deployment keys to create an unauthorized cross-chain bridge and extracted 7.64M USDC (or ≈1,636 ETH at the time). While this briefly caused a YU depeg, no core protocol vulnerabilities were involved and all Bitcoin reserves remain safe.
To stabilize the protocol and protect user funds, the team injected $5.5M of its own capital and sourced additional liquidity through Euler. As a result, YU fully recovered on September 23, 2025, and the Yala protocol resumed normal operations.
2/ Fund recovery
On October 29, 2025, law enforcement in Bangkok apprehended the previously mentioned exploiter. Most of the impacted funds were recovered from the exploiter, though they remain under legal review.
Some were converted to ETH prior to recovery with subsequent price declines - along with funds spent by the exploiter - reduced the effective recovery value. We will provide a more detailed update when permitted by ongoing legal processes.
3/ Liquidity impact
Recent retail DeFi exodus has contributed to further panic and strained an already illiquid market, affecting Euler as well. As a result, some positions and liquidity previously used to stabilize YU are currently constrained.
4/ Community questions & clarifications
Yala is not integrated with Kamino’s lending products, and the wallet below does not belong to Yala or associated team members.
“AyCJS5t4kwRauXShpNygmUqhA2xzwjjVvafNTknNV41X” (holding over 30M USDC)
5/ Next steps
The team is focused on protecting users and Yala’s long-term operational plan.
We are assessing the capital needed to stabilize conditions and are working with law enforcement and funding partners to source it. Given tight liquidity across many protocols and assets, this process will take time.
We aim to provide a clear plan by December 15, 2025, including recovery paths, and next operational steps.
Thank you for your continued support.
- Yala