DeFi Network Acala lost 1.2 billion aUSD in exploit

Hacken Ecosystem
1 Minute Read

A decentralized finance network Acala suffered an exploit. Stablecoin aUSD has dropped by 30%. The hacker stole 1.2 billion aUSD. The attack was made possible by a misconfiguration of the newly deployed iBTC/aUSD liquidity pool. Acala stopped the protocol immediately after the hack and limited its functionality. The exact number of stolen tokens is still not known.

aUSD peg is returning to normal after the community burnt the amount minted by the hacker.

Read more on HackenProof Blog