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Chaintimes 2022-08-15 14:37:27

Hack Causes Stablecoin aUSD to Plunge 95%

The Polkadot-based decentralized finance (DeFi) network Acala saw its aUSD stablecoin collapse by 99% after cybercriminals leveraged a weakness in its liquidity pool, adding another stablecoin to a list of not-so-stable ones. According to CoinGecko data, the stablecoin broke its USD anchor and fell as low as $0.009 in the wee hours of Monday morning. […]Read full post Hack Causes Stablecoin aUSD to Plunge 95% on Chaintimes.com.

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