Acala USD (AUSD) Stablecoin On Polkadot Lost Peg
Acala has been attacked by hackers. The hackers issued more than 1.2 billion AUSD. This is also the reason why stablecoins lose peg seriously.
Over 1.2 billion AUSD Issued causing loss of peg
As discovered by security firm PeckShieldAlert, the stablecoin built on the Polkadot ecosystem is currently losing Peg, dropping 30%.
The cause of this sudden loss of pegs has been identified by the Acala platform as experiencing an attack. The hackers issued more than 1.2 billion this stablecoin. AUSD broke off and once fell by 70%. Acala said a configuration issue of the Honzon protocol which affects AUSD and passed an urgent vote to pause operations.
Acala USD under the Acala Network project is a decentralized financial center and the main liquidity pool on the Polkadot ecosystem.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
CoinCu News
Author
Scam Alert
Acala USD (AUSD) Stablecoin On Polkadot Lost Peg
Acala has been attacked by hackers. The hackers issued more than 1.2 billion AUSD. This is also the reason why stablecoins lose peg seriously.
Over 1.2 billion AUSD Issued causing loss of peg
As discovered by security firm PeckShieldAlert, the stablecoin built on the Polkadot ecosystem is currently losing Peg, dropping 30%.
The cause of this sudden loss of pegs has been identified by the Acala platform as experiencing an attack. The hackers issued more than 1.2 billion this stablecoin. AUSD broke off and once fell by 70%. Acala said a configuration issue of the Honzon protocol which affects AUSD and passed an urgent vote to pause operations.
Acala USD under the Acala Network project is a decentralized financial center and the main liquidity pool on the Polkadot ecosystem.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
CoinCu News
Other Posts
Related Posts
Latest
Missed the AAVE Bullish Ride? This New Presale Can Turn Your Thousands into Millions
Dogecoin Price Forecast: Analysts Push For $0.2288 DOGE While This Ethereum Altcoin Eyes 8,000% Gains In The Next 16 Days
Below $1 Swift Altcoin Competitor Could Overshadow XRP Price Potential Election RallyÂ
Press Release
Missed the AAVE Bullish Ride? This New Presale Can Turn Your Thousands into Millions
Polkadot and SP Negócios Collaborate to Enhance Crypto Economy Development
