• February 28, 2024


All the latest cryptocurrency news

Acala Releases Report on Recent aUSD Incident

ByLouis Adams

Sep 6, 2022 #Stablecoin
Reading time: < 1 minute

According to the report released by the team of parachain protocol Acala, 52 million erroneously issued of aUSD coins remain in the network as of September 5. In total, 281 addresses were involved in the incident.

Remember that a bug in the iBTC/aUSD liquidity pool smart contract led to the issuance of a “significant amount” of the stablecoin last month. 16 addresses claimed a total of around 3 billion aUSD by requesting a reward from the pool. About 1.29 billion coins of this number were returned and burned by the decision of the community.

Some users exchanged the received assets for DOT tokens. The developers offered them to return the funds to an address in the Polkadot network for a fee of 5% of the amount.

42.482 million erroneously issued of aUSD remain at user addresses, 33.718 million of this number are in the DEX module.