After the mining failure involving its stablecoin, aUSD, the Acala Network announced on Monday that it had resumed its operations following a referendum allowing liquidity pools (LPs) to withdraw liqu...
Tag: aUSD
Acala reveals path to resuming operations after aUSD exploit
The Acala network today revealed its plans to resume operations after a minting error incident suffered by its aUSD stablecoin in August. Acala is a decentralized finance Polkadot parachain that power...
Acala announces ‘path to resuming operations’ after aUSD breach
Acala, a decentralised finance network that powers the crypto-backed aUSD stablecoin ecosystem, is “ready to resume its operations,” the platform announced on Friday. In August, the Acala community vo...
Acala Stablecoin (ausd) Now Trading At $0.70 After Depegging From USD
– Advertisement – Acala’s Stablecoin Falls by 3.65% In 24 Hours. Several stablecoins have had a horrible year sustaining their US dollar value peg, and Acala network’s aUSD is no differe...
Layer by Layer Issue 43: Canto, Dogechain, and Polkadot
August 26, 2022, 9:32AM EDT • 21 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridg...
18 Acala Services Offline 12 Days Post 1.28 Billion aUSD Hack
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Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
According to a new post by Acala Network co-founder Bette Chen, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built on th...
Is Acala USD Losing Its Peg Again? aUSD Drops To 80 Cents
– Advertisement – The aUSD price is still slipping. In a tweet today, PeckShieldAlert reveals that Acala USD (aUSD) is down to $0.81, moving further away from the dollar peg. #PeckShieldAl...
aUSD & HUSD Depeg, Do Kwon Speaks,…
All the attention is on Ethereum right now due to its upcoming Merge upgrade. Certain platforms like Coinbase have even started preparing for it. Let’s find out more. Bitcoin On Friday, Bitcoin exper...
How Significant Recovery of Acala’s Stolen 3 Billion aUSD?
On August 14th, 2022, decentralized finance network Acala got under a digital attack. During the attack, the hacker entered the ecosystem and started minting tonnes of its native stablecoin aUSD. Afte...
Acala recovers 2.97 billion of aUSD stablecoin minted during exploit
Acala, a parachain project on Polkadot, says it has recovered about 2.97 billion from 16 addresses that minted 3 billion Acala USD (aUSD) in a security incident last Sunday. The incident occurred due ...
Acala trace report reveals 3B aUSD erroneously minted
High-profile security incidents continue to be a theme in 2022, with the Acala network joining a long list of stricken platforms to fall prey to exploits. The Acala USD (aUSD) token, which acts as a n...
Acala Has Recovered Almost 3B aUSD
Key Takeaways Acala has recovered 1.68 billion aUSD in its second trace following an attack that minted billions of tokens. Combined with an an earlier trace that recovered 1.29 billion aUSD, Acala ha...
aUSD loses peg but then recovers it- The Cryptonomist
In recent days, the stablecoin aUSD based on Polkadot’s blockchain lost its peg with the dollar, but then recovered it. What happened to Polkadot (aUSD) It all started on Sunday, 14 August with a hac...
Acala burns 99% of aUSD involved in mint exploit
Acala has successfully burnt 1.288 billion aUSD reportedly lost to hackers during the Sunday exploit. Following the mint error on the horizon protocol, the community unanimously approved a referendum ...
Hacker Prints 1.2B AUSD On Acala Network, AUSD Depegs After The Exploit – crypto.news
This year has been rough for stablecoins as several stablecoins have depegged from the USD. On August 14th, the AUSD (Polkadot-based stablecoin) of Acala Network dropped below $1. Reports revealed tha...
Another Stablecoin Depegs: $aUSD Hacked
The aUSD stablecoin has become the latest stablecoin to take a hit after a hack into the Acala Network resulted in a 99% drop in its value. Acala Network Hacked On Sunday, the Polkadot-based DeFi net...
Acala submits governance proposal to burn $1.28B aUSD following investigation of exploit
Polkadot ecosystem’s stablecoin Acala ($aUSD) suffered an exploit over the weekend that led to a malicious actor minting $1.2 billion out of thin air. The Acala team “paused” operations via an emergen...
Polkadot-based stablecoin aUSD depegs after Acala Network breach
Acala Network, the decentralized finance hub of Polkadot, has been breached and its stablecoin depegged from the dollar mark. Early this morning, Acala’s Twitter page posted that it noticed conf...
Acala Stablecoin aUSD Collapses After Parachain Exploit
Key Takeaways On Sunday, Polkadot’s DeFi Hub Acala Network suffered an exploit that saw its native over-collateralized stablecoin aUSD plummet to zero. The exploit was due to a “misconfigu...
Acala Network’s aUSD Depegged from Dollar Mark after Breach
Acala Network’s stablecoin was depegged from the dollar mark on Sunday following a breach. The decentralised finance hub of Polkadot on Sunday tweeted saying a vote was proposed to pause operati...
Not Another UST; Acala Team Shares Positive Update On aUSD Hack
Earlier today, Polkadot DeFi’s hub Acala had its stable coin aUSD, exploited for about 1.2 billion aUSD. It has since addressed the issue on its twitter account explaining that the problem had been id...
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value – Bitcoin News
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) droppe...
Over 1.2 Billion aUSD Minted in an Exploit of Polkadot’s DeFi Hub Acala
Polkadot’s decentralized finance (DeFi) hub Acala suffered a major attack on its newly launched liquidity pool on Sunday. The exploit allowed the hacker to mint more than 1.2 billion aUSD, the project...
Acala Network aUSD Depegs by 99% as Hacker Issues Over 1 Billion Tokens
Acala Network became the latest Defi network to suffer an exploit after hackers breached the network and issued 1.2 billion aUSD tokens. The Polkadot-based network issues aUSD as its native stablecoin...
Polkadot’s Native Stablecoin aUSD Depegs Following Exploit ⋆ ZyCrypto
Advertisement     Attackers have struck the markets again; this time, the Acala network is on the receiving end. A few hours ago, reports broke out that the Acala doll...
DeFi Protocol Acala Network Hacked of 1.2B AUSD Stablecoin
2 seconds ago | 2 mins read Defi News The Polkadot parachain Acala implements the Horizon cross-chain stablecoin protocol. The attackers’ excessive minting of aUSD stablecoin caused its value to plumm...
Polcadot’s Acala Dips By 70% After Hackers Issued 1.2 Billion AUSD
Yet another DeFi protocol has been tampered by hackers, who, in the last couple of months, have succeeded in breaching security of many other protocols. This time, polcadot’s Alcala becomes the victim...
Pendulum & Amplitude Team Up With Acala to Integrate aUSD
Acala published a blog post to announce that it has integrated aUSD into the Pendulum and Amplitude parachains with Amber set to integrate the native token after its launch on Polkadot parachain. Pend...
Anchor Protocol, Acala team up to bolster aUSD and UST use
Anchor Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, has teamed up with Polkadot’s Acala network in a collaboration aimed at promoting decentralised stablecoin use i...
Polkadot’s Acala Launches $250 Million Fund for aUSD Ecosystem. Why Is This Crucial?
Vladislav Sopov Acala DeFi network in alliance with VC heavyweights DCG, Alameda, Pantera Capital unveils largest funding initiative for Polkadot scene Contents $250 million fund to fuel aUSD adoption...
Polkadot Parachains Partners with Venture Funds to Launch aUSD Fund
Polkadot Parachain has decided to prepare a 250 million dollar aUSD Ecosystem Fund to boost its native stablecoin, Acala USD. Members from nine Polkadot parachains joined hands with Venture Funds to a...