Acala Paused Operation Due to Exploit, with $aUSD Seriously Depegged

Acala Paused Operation Due to Exploit, with $aUSD Seriously Depegged
Acala tweeted that it has noticed a configuration issue of the Honzon protocol which affects $aUSD. An urgent vote is being passed to pause operations on Acala, while the team investigate and mitigate the issue. ChaosDAO member 0xTaysama said that it seemed Acala was hacked due to a bug in the iBTC/AUSD pool. According to TokenInsight data, $aUSD is trading at $0.5031, being seriously depegged.
Source

DeFi

Stablecoins

Security Incidents

In This Article

Related News
Daily Market Wrap | Mar. 24 Daily Market Wrap | Mar. 24
Daily Market Wrap | Mar. 23 Daily Market Wrap | Mar. 23
Daily Market Wrap | Mar. 20 Daily Market Wrap | Mar. 20
Daily Market Wrap | Mar. 12 Daily Market Wrap | Mar. 12
Daily Market Wrap | Feb. 27 Daily Market Wrap | Feb. 27
Latest News More More
16 Hours Ago Daily Market Wrap | Mar. 27
1 Day Ago Daily Market Wrap | Mar. 26
2 Days Ago Daily Market Wrap | Mar. 25
March 19 Daily Market Wrap | Mar. 19
March 18 Daily Market Wrap | Mar. 18
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open