Acala repegs
Misconfiguration of the network’s iBTC/aUSD liquidity pool enabled hackers to produce 1.28 billion stablecoins, reducing its value. Hackers exploited a newly installed liquidity pool weakness to make 1.28 billion tokens. The site burned the hacker-created stablecoin supply on Tuesday, putting its price back near to $1.The network suspended operations following an emergency vote on governance due to the aUSD drop. As recompense,...
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