Most Acala Services Still Offline Twelve Days After Attack
A majority of services on Acala are still offline, according to a statement from the project today. Majority of Acala Services Are Down Acala is still attempting to restore operations...
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Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
A total of 3.022 billion aUSD were previously minted via a liquidity bridge glitch.
Acala Has Recovered Almost 3B aUSD
Acala has recovered almost 3 billion aUSD following its second trace of addresses affected by a recent attack. Acala Recovers 3 Billion aUSD Acala has recovered another batch of affected...
Acala Community Debating Massive Token Burn to Recover From Exploit
The Acala community has proposed burning tokens to help its stablecoin recover dollar parity following this weekend’s attack. Acala Could Execute Coin Burn Acala could carry out a coin burn...
Acala Stablecoin aUSD Collapses After Parachain Exploit
Acala quickly put the network in maintenance mode, pausing on-chain swaps, Polkadot cross-chain communications, and oracle price feeds to keep the stolen funds from leaving the parachain. Acala USD Depegs...
Network and token freeze after Acala exploit raises questions
The Acala hack saw over a billion aUSD stablecoins minted from thin air, but now community members are scratching their heads wondering how a decentralized protocol would handle the clean…
Kraken Ventures Raises $65 Million to Invest in Web3, Defi, Blockchain Startups and Protocols
The independent investment fund led by Kraken alumni that’s focused on early-stage companies and protocols, Kraken Ventures, announced the successful closing of its first fund at $65 million. Presently, the…