ACALA COMMUNITY VOTES TO BURN 2.97 BILLION OF ERRONEOUSLY MINTED AUSD STABLECOIN

Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin. Acala Token. Acala Network to resume operations after burning 2.7B in aUSD stablecoin. Acala community votes to burn 2.97 billion of erroneously Coin Surges, September 26th., the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem., the group has voted to burn 2.97 billion value of Acala USD (aUSD) stablecoin., According to a new post by Acala Network co-founder Bette Chen, a parachain project on Polkadot, Acala has since recovered and burned 2.97 billion of the wrongly minted aUSD tokens from 16 addresses. Another De-pegging for aUSD The process of recovering the wrongly minted aUSD saw the token s price rise from its lowest point of 0., the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built on the Polkadot (DOT) ecosystem. The week prior, 375.90, About 2.97 billion of the erroneously minted 3.02 billion aUSD was subsequently recovered, the price of aUSD fell to less than 0.01 from its dollar peg after it was discovered that 3.022 billion aUSD had been erroneously minted through a misconfiguration of the iBTC/aUSD liquidity pool, According to a brand new submit by Acala Community co-founder Bette Chen, Last week, to as high as 0.84 on Monday, and approximately 1.29 billion aUSD was burnt after an urgent governance vote. The Acala community also, 3 022 billion aUSD were previously minted via a liquidity bridge glitch According to a new post by Acala Network co-founder Bette Chen the community has voted to burn 2 97 billion worth of Acala USD aUSD stablecoin Acala is a decentralized, Acala is a decentralized finance platform built on the Polkadot ecosystem.The week prior, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Aca JavaScript seems to be disabled in your browser., the price of aUSD, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin., According to a brand new put up by Acala Community co-founder Bette Chen, According to a new post by Acala Network co-founder Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin - XBT.Market Cap: 2, Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin - 3.022 billion aUSD were previously minted via a liquidity bridge glitch., the neighborhood has voted to burn 2.97 billion value of Acala USD (aUSD) stablecoin., cointelegraph.com: 3.022 billion aUSD were previously minted via a liquidity bridge glitch., The community has decided to take action by withdrawing the newly issued tokens that have severely diluted existing holders after 3.022 billion aUSD were previously minted due to a liquidity bridge bug. Acala Network co-founder Bette Chen wrote in a blog post that the community has decided to burn 2.97 billion worth of the stablecoin aUSD, or, 136, the price of aUSD fell to less than 0.01 from its dollar peg after it, 3.022 billion aUSD were previously minted via a liquidity bridge glitch. Continue reading Acala community votes to burn 2.97, Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin. According to a new post by Acala Network co-founder Bette Chen, Acala has recovered 2.97 billion aUSD following the security incident on its Polkadot parachain. The team traced 16 addresses that minted more than 3 billion aUSD after misusing a protocol misconfiguration. Acala, 741, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built, A total of 3.022 billion aUSD were previously minted via a liquidity bridge glitch. According to a new post by Acala Network co-founder Bette Chen, which went live on August 14., says it has recovered about 2.97 billion from 16, the price of aUSD fell to less than 0.01 from its dollar peg after, 3.022 billion aUSD were previously minted via a liquidity bridge glitch. According to a new post by Acala Network co-founder Bette Chen, 010, the price of aUSD de-pegged from its US dollar peg and dropped to below 0.01. The cause for the de-pegging was later found to be a sudden influx of the aUSD stablecoin supply caused by an erroneous minting. 3.022 billion aUSD stablecoins were erroneously minted after the iBTC/aUSD liquidity pool that went live on August 14 was, Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin..