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Acala Dollar (Acala) (AUSD) News



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The Acala team has released a full report on the aUSD incident

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As of September 5, 52 million erroneously issued aUSD coins remain in the network. In total, 281 addresses were involved in the incident, according to the report of the Acala parachain team. In August, a bug in the iBTC/aUSD liquidity pool smart contract led to the issuance of a “significant...

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Stablecoin AUSD collapsed to $0.05 after a hacker attack

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Unknown people attacked the Polkadot-based Acala Network protocol and issued more than 1.2 billion AUSD. As a result, the price of the stablecoin at the moment fell to $0.05. The stablecoin is worth $0.87 as of this writing. "We have discovered an AUSD-related Honzon protocol setup problem....