In its second tracing after a hack that produced billions of tokens, Acala has recovered 1.68 billion aUSD.

A hack that produced billions of tokens, Acala recovered 1.68 billion aUSD in its second trace.Acala has now recovered approximately 3 billion...

Written by thew3guy · 1 min read >

A hack that produced billions of tokens, Acala recovered 1.68 billion aUSD in its second trace.
Acala has now recovered approximately 3 billion tokens after combining a previous trace that recovered 1.29 billion aUSD.
The initiative intends to publish further trace reports to assist the community in developing recovery strategies.

Acala recovers three billion dollars.


Another batch of damaged cash has been retrieved by Acala.

On August 14, the protocol was first used. At the time, an attacker created billions of dollars of its aUSD stablecoin and swapped a portion of it for other crypto assets. However, the project instantly froze its network, preventing any further asset movement.

Acala’s initial tracing retrieved 1.29 billion of the impacted aUSD on August 15. Acala has now collected another 1.68 billion aUSD via a second trace performed on August 17, increasing the total amount recovered to over 3 billion aUSD.

Acala claims that 1.68 billion aUSD and other coins remain on the 16 tracked addresses. Inverse synthetic Bitcoin (iBTC), Acala (ACA), Polkadot (DOT), and liquid staking DOT are among the other assets (LDOT).

According to the details of the trace, the 16 addresses belonged to individuals who contributed to Acala’s iBTC/aUSD liquidity pools. After claiming liquidity provider incentives from a reward pool, those addresses received the incorrectly generated aUSD.

Acala said it will continue to provide trace reports to assist the community in developing suggestions to remedy the problem. A post-mortem report and other reports will also be made public.

Other rehabilitation activities are also under progress. On August 16, a coin burn was suggested and carried out to assist aUSD in regaining its dollar parity. The 1.29 billion obtained in the first trace was lost by the fire.

The burn was partially successful, as CoinMarketCap shows aUSD is now worth $0.85, up from $0.01 before the strike.

Written by thew3guy
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