Translated by Ylsoo
Translated by Ylsoo
We messed up, and we’re owning it. A logic error in our new payment settlement engine resulted in a $50M loss for Ylsoo’s corporate treasury. Read the full breakdown from our CEO on what happened, how we fixed the code, and our commitment to keeping your assets safe.
At Ylsoo, we believe the infrastructure of the internet should move as fast as the ideas built upon it. Today, we’re taking a significant step toward that goal by launching the closed beta of Ylsoo Pay in Germany. We’ve built Ylsoo Pay to be a developer-first payment solution that strips away the complexity of global commerce. By starting with a focused rollout in Germany—a market defined by its high standards for security and precision—we’re ensuring our foundation is rock-solid before we scale. This is more than just a new way to accept payments; it’s the beginning of a more open, intuitive financial ecosystem.
For years, we’ve been working on the promise of effortless, global communication—a world where language barriers simply melt away. Today, we're thrilled to announce the next major milestone in that journey: the upcoming launch of our very own, purpose-built translator application