Sign Up
Select Language
English enEspañol esFilipino filFrançais frItaliano itPortuguês pt-brРусский ruУкраїнська ukDeutsch deNederlands nl한국어 ko中文 zh
Logo
Ad
Tech
Share this article

Acala Stablecoins Near $1 Peg After Community Burns 1.2B aUSD Minted by Exploiters

Developers said trace reports were underway to identify the transactions performed by the 16 wallet addresses connected to the exploit.

By Shaurya Malwa
Updated May 11, 2023, 5:25 p.m. Published Aug 16, 2022, 7:22 a.m.
Acala Network's aUSD nearly regained its $1 peg this morning after developers burned over 1.2 billion aUSD tokens after a community vote. (eswaran arulkumar/Unsplash)
Acala Network's aUSD nearly regained its $1 peg this morning after developers burned over 1.2 billion aUSD tokens after a community vote. (eswaran arulkumar/Unsplash)