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
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
Total stablecoin market cap tops $200 billion as onchain lending yields surge Total stablecoin market cap tops $200 billion as onchain lending yields surge
Latest News More More
3 Days Ago Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report
3 Days Ago Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
4 Days Ago Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
4 Days Ago Binance Records $3.97B Weekly Inflows
4 Days Ago MEXC Partners With Hacken to Increase Security Standards
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open