avatar

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
North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
Wall Street back-office giant DTCC mulls stablecoin integration: report Wall Street back-office giant DTCC mulls stablecoin integration: report
Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act
Circle secures in-principle approval to operate as money services provider in Abu Dhabi Circle secures in-principle approval to operate as money services provider in Abu Dhabi
Mastercard moves to integrate stablecoins into global payments network Mastercard moves to integrate stablecoins into global payments network
Latest News More More
54 Minutes Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
3 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
4 Days Ago JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
June 30 Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open