Acala Community Voted to Pass Proposal to Burn Erroneously Minted $aUSD

Acala community has voted to pass the proposal for Trace Result #1, with 95% of the voting power supporting it. The proposal proposed to return the over 1.288 billion erroneously minted $aUSD that remained on 16 accounts to Honzon protocol to be effectively burnt, as well as to return the nearly 4.3 million erroneously minted $aUSD that remained in the iBTC/aUSD reward pool to Honzon protocol to be effectively burnt. According to TokenInsight data, $aUSD price has increased to $0.9355.
Source

DeFi

Stablecoins

Security Incidents

In This Article

Related News
Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies Total stablecoin market cap surpasses $230 billion amid institutional interest and Trump policies
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Stablecoin neobank Infini exploited for $49 million: security analysts Stablecoin neobank Infini exploited for $49 million: security analysts
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation
Latest News More More
5 Hours Ago 0xbow unveils ‘Privacy Pools,’ a new blockchain privacy tool drawing from Vitalik Buterin’s research
5 Days Ago Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
5 Days Ago MEXC Extends DEX+ Platform to Binance Smart Chain Users
March 25 Binance suspends employee for allegedly profiting off of insider information
March 25 BlackRock launches bitcoin ETP in Europe following US success
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open