Digital Asset
Intelligence
Security Incident · Polkadot Ecosystem

Acala On-chain setup error: $52.00M Reported Loss

·Historical incident record

Incident Overview

The Polkadot ecological project Acala caused an additional issuance of aUSD due to an error on the chain, allowing attackers to mint aUSD. The vulnerability caused aUSD to lose its peg to the US dollar, initially falling to $0.60 and hovering around $0.90. Acala suspended the protocol shortly after the attack and disabled the transfer of the stolen aUSD and the attackers exchanging Acala tokens for some of the aUSD.

Sources & References

Original incident referencehttps://medium.com/acalanetwork/updates-on-the-ausd-incident-22-august-2022-997efec98b35 (opens in a new tab)

This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.

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