Acala, the Parachain project on Polkadot, said it had recovered approximately 2.97 billion from the 16 wallets it had created. Acala USD (aUSD) $3 billion In a safety incident last Sunday
This occurred due to a code error in Acala’s smart contracts managing the iBTC/aUSD liquidity pool, which allowed some Acala liquidity providers to create their original stablecoin.
According to the team, 99% of these “mint coins” remain in network wallets. The team stopped the Acala chain and was able to freeze the bag that Mint had in it.
Previously, the team was able to recover $1.292 billion of which this money was burned after.votequickly
and inupdateMost recently, the team recovered another $1.682 billion, a total of $2.974 billion, of which $1.682 billion. It is also expected to be burned before the team restores the network. At the same time, the amount of $48 million has not been recovered. This includes aUSD coins that are swapped and transferred to other blockchains.
This caused a huge volatility in the price of aUSD atfallIt has been down to less than 0.01 for a while, losing more than 99% of its value on Sunday, but has recovered and is returning to $0.90 while writing
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