Acala, which was the target of hackers due to a flaw on its platform earlier yesterday and a $ 1.2 billion USD stablecoin was printed on its platform, made an official statement on Twitter with up-to-date information.
The aUSD token of the platform, which was hacked in the morning hours of Turkey time, had decreased to 0.58 dollars with the effect of the attack. However, at the time of this writing, the price of the token is at $ 0.91 and seems to have recovered, albeit partially.
Acala Asks Hackers to Return Stolen Funds
In its statement, the platform said the following on the subject:
“We identified the issue as a misconfiguration of the iBTC/aUSD liquidity pool (which went live earlier today), resulting in a significant misprint of aUSD.
The misconfiguration has since been corrected, and wallet addresses that receive erroneously minted aUSD have been identified and in-chain activity tracking related to those addresses.
According to the initial on-chain follow-up, over 99% of the misprinted aUSD remains on the ACA parachain, and a small portion of the misprinted aUSD has been exchanged for ACA and other tokens on the Acala parachain.”
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
one/— Acala (@AcalaNetwork) August 14, 2022
According to the platform’s official statement, a significant portion of the captured stablecoins are kept frozen at stolen addresses:
“While awaiting the decision of the Acala community collective management to resolve the misprint, these misprinted aUSDs and exchanged ACA parachain native tokens remaining on the Acala parachain have been rendered non-transferable.”
In addition, the platform also appealed, hoping that the hackers had good intentions:
“If you are a white hat hacker or the owner of these tokens outside the ACA network, please return to the addresses below.”
With this cryptocurrency The operations on the platform have not been restarted yet.
The platform also said that they will continue to track the stolen funds on-chain, and in addition, they will work to restore the stability of aUSD to $1.
*Not investment advice.
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