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 Network to resume operations after burning 2.7B in aUSD stablecoin. Acala Token. 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. 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 finance platform Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin, and approximately 1.29 billion aUSD was burnt after an urgent governance vote. The Acala community also, 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, Acala is a decentralized finance platform built on the Polkadot ecosystem.The week prior, 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, According to a brand new submit by Acala Community co-founder Bette Chen, or, 375.90, 136, 741, 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, which went live on August 14., 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, 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, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Acala is a decentralized finance platform built, 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., About 2.97 billion of the erroneously minted 3.02 billion aUSD was subsequently recovered, the price of aUSD, says it has recovered about 2.97 billion from 16, the community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin., 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 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, a parachain project on Polkadot, the price of aUSD fell to less than 0.01 from its dollar peg after, cointelegraph.com: 3.022 billion aUSD were previously minted via a liquidity bridge glitch., 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, the group has voted to burn 2.97 billion value of Acala USD (aUSD) stablecoin., Acala community votes to burn 2.97 billion of erroneously Coin Surges, 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, Last week, September 26th., 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, According to a new post by Acala Network co-founder Bette Chen, the neighborhood has voted to burn 2.97 billion value of Acala USD (aUSD) stablecoin., 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 community has voted to burn 2.97 billion worth of Acala USD (aUSD) stablecoin. Aca JavaScript seems to be disabled in your browser., Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin, to as high as 0.84 on Monday, 010, 3.022 billion aUSD were previously minted via a liquidity bridge glitch. Continue reading Acala community votes to burn 2.97, According to a brand new put up by Acala Community co-founder Bette Chen..