Acala Network, the decentralized finance hub of Polkadot, has been breached and its stablecoin depegged from the dollar mark.
Early this morning, Acala’s Twitter page បង្ហោះ that it noticed configuration issues regarding the Honzon protocol, which affects its stablecoin aUSD, leading to a vote to pause operations on Acala while it investigated the issue.
According to Coinmarket cap, the stablecoin is currently below the $1 dollar mark, at one point dropping to a low of $0.58. Acala’s aUSD is “a decentralized, multi-collateralized stablecoin backed by cross-chain assets” according to its website.
“We have identified the issue as a misconfiguration of the iBTC/aUSD liquidity pool (which went live earlier today) that resulted in error mints of a significant amount of aUSD,” said Acala in a សេចក្តីថ្លែងការណ៍ក្នុង Twitter. “The misconfiguration has since been rectified and wallet addresses that received the errorneously minted aUSD have been identified, with on-chain activity tracing in respect of these addresses underway.”
While Acala has yet to confirm the amount that was involved in the breach, Binance CEO Changpeng Zhao reacted to the news by saying it was possible that “over a billion $AUSD” was obtained by the attacker.
The Block reached out to Acala Network for comment but hadn’t heard back by the time of publication.
រក្សាសិទ្ធិគ្រប់យ៉ាងដោយឆ្នាំ ២០២០ ។ អត្ថបទនេះត្រូវបានផ្តល់ជូនសម្រាប់គោលបំណងព័ត៌មានតែប៉ុណ្ណោះ។ វាមិនត្រូវបានផ្តល់ជូនឬមានបំណងត្រូវបានប្រើជាច្បាប់ពន្ធការវិនិយោគហិរញ្ញវត្ថុឬដំបូន្មានផ្សេងទៀតទេ។
អំពីអ្នកនិពន្ធ
Tom គឺជាអ្នកយកព័ត៌មាន fintech នៅ The Block ។ មុនពេលចូលរួមជាមួយក្រុម គាត់គឺជាអ្នកហាត់ការផ្នែកវិចារណកថានៅវេទិកាដែលគាំទ្រដោយ FT-Sifted ជាកន្លែងដែលគាត់បានរាយការណ៍អំពី neobanks ក្រុមហ៊ុនទូទាត់ និងការចាប់ផ្តើម blockchain ។ លោក Tom មានបរិញ្ញាបត្រផ្នែកទំនាក់ទំនងអន្តរជាតិ និងភាសាជប៉ុនពី SOAS សាកលវិទ្យាល័យឡុងដ៍។
Source: https://www.theblock.co/post/163467/polkadot-based-stablecoin-ausd-depegs-after-acala-network-breach?utm_source=rss&utm_medium=rss