Tag: Acala
Acala Network Heals Its Wounds: AUSD Restores Stability With $1.2 Billion Burn
Acala Network, which was at the center of a $ 1.2 billion attack in the past days, decided to burn the amount in question as a result of community voting.…
$1.2 Billion Hacked Acala Platform Makes Official Statement and Calls Hackers!
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…
What Happened to Polkadot Parachain on Acala Network: $1.2 Billion Loss
Acala Network, one of Polkadot’s (DOT) DeFi (Decentralized Finance) ecosystem, was the victim of a $1.2 billion hack due to a bug in its liquidity pool. The cryptocurrency ecosystem struggled…
Recent Developments in Polkadot (DOT) Parachains: Acala (ACA), Primer (ASTR), Moonbeam (GLMR)
Although cryptocurrencies are in a downtrend, cryptocurrencies in the Polkadot ecosystem have started to recover slightly with the news and experienced increases between 10% and 60%. The rise of Polkadot…