As was updated in a previous Coincu News article, one of the leading projects of the Polkadot ecosystem, Acala Network (ACA), has been hacked, severely affecting the project’s stablecoin – aUSD . Overall, the bad guy took advantage of the hole in the iBTC/aUSD pool to print out about 1.2 billion aUSD and trade this money, thereby causing the aUSD to be de-peg.
Therefore, on August 15, Acala confirmed that it had successfully traced:
Accordingly, this platform made two proposals to settle the case by burning 1.28 Billion aUSD. On August 16, the proposal was quickly approved by the Acala community and the burning process was completed.
Because of the above action, aUSD has almost regained its exchange rate with the USD at press time after 2 days of falling to almost zero.
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