Key Takeaways:
A bug in the iBTC/AUSD pool allowed hackers to issue an additional 1.2 Acala Dollar (AUSD) billion tokens. aUSD dropped by over 70% following the attack.
DeFi protocols are now increasingly subjected to hacks and scams. Polkadot’s leading DeFi protocol, Acala, is now the latest victim of it.
Acala, which hosts the aUSD ecosystem, took to Twitter to confirm that the network has faced an exploit adding that operations have been halted following the rise of “configuration issues” on the network.
“We have noticed a configuration issue of the Honzon protocol, which affects aUSD. We are passing an urgent vote to pause operations on Acala, while we investigate and mitigate the issue. We will report back as we return to normal network operation.”, the tweet reads.
ACALA protocol is currently under compromised. Apparently there was a bug in the iBTC/AUSD pool and attacker wallet now holds over a billion $AUSD . We are monitoring. (AUSD is not listed on Binance) https://t.co/jRHmqLYeI8 — CZ
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