Search
Blockchain identity platform Fractal ID suffers data breach
17.7.2024
Fractal ID gave notice that an attacker had gained access to an operator’s account, leading to the leak of a small percentage of users’ personal data
Acala Network intends to adopt JitoSOL within its platform
28.6.2024
Acala Network has incorporated JitoSOL within its platform and decentralized applications to offer better liquidity and yield options targeting Acala users. A liquidity layer like Acala Network is a foundation segment within the Blockchain ecosystem, bringing about effective capital flow...
Acala Network announces the Sinai upgrade
17.4.2024
Acala Network has introduced the Sinai upgrade. The objective is to chase the vision of building a liquidity layer in the world of Web3 finance, or DeFi. Simultaneously, Acala Network aims to remain at the forefront of technology by introducing a range of infrastructural enhancements to...
Meta Defender connects with Acala ecosystem
5.9.2023
Meta Defender, which is a multi-chain decentralized imitative marketplace that was created for Liquid Staking Tokens (LST), will be positioned on Acala. This will open the doors for the users of Polkadot to make use of trade DOT staking yields in general and particular within the ecosystem....
Acala’s liquidity boost: Multichain Router 1.0 unleashed!
23.8.2023
Acala Network has taken a huge step forward with the launch of its Acala Multichain Asset Router 1.0, a revolutionary and pioneering technology that will completely transform the multichain ecosystem. This new solution provides developers and users alike with an improved experience in...
Acala Network to resume operations after burning 2.7B in aUSD stablecoin
26.9.2022
A total of 2.97 billion aUSD erroneously minted were recovered after the glitch
Crypto Exchange KuCoin Highlights Flaws in DeFi Platform Acala's Post-Exploit Proposal
7.9.2022
The exchange has pinpointed several mistakes in the platform’s data on erroneously issued stablecoins
Inside the $3B DeFi Exploit of Acala's Crypto Platform
22.8.2022
The exploit of one of Acala's liquidity pools demonstrates how easily billions of dollars can be siphoned from DeFi platforms, potentially wreaking havoc on an entire industry in a matter of minutes
Acala community votes to burn 2.97 billion of erroneously minted aUSD stablecoin
22.8.2022
3.022 billion aUSD were previously minted via a liquidity bridge glitch
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
18.8.2022
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said...
Another depeg — Acala trace report reveals 3B aUSD erroneously minted
17.8.2022
As the dust settles on another decentralized finance exploit, Acala continues to trace tokens that were erroneously minted after a misconfiguration in a newly launched liquidity pool
Acala Stablecoins Near $1 Peg After Community Burns 1.2B aUSD Minted by Exploiters
16.8.2022
Developers said trace reports were underway to identify the transactions performed by the 16 wallet addresses connected to the exploit
Hack Summer Continues with Acala Becoming the 4th Victim in August, 'We’ll See More Attacks'
15.8.2022
A scorching hot decentralized finance (DeFi) hack summer continues, with the latest in a string of at least eight protocols to fall victim to an exploit since early June being Acala Network - and it is at least the fourth one in August alone. ...
Read More: Hack Summer Continues with Acala Becoming...
Acala’s Stablecoin Falls 99 Percent After Hackers Issue 1.3 Billion Tokens
15.8.2022
A bug in the protocol’s newly-deployed iBTC-aUSD liquidity pool left the door wide open for hackers to exploit
Network and token freeze after Acala exploit raises questions
15.8.2022
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 up
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
14.8.2022
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports...
Astar Network Opens New HRMP Channels With Acala
14.7.2022
Astar Network has opened a new HRMP channel with Acala to strengthen the mission of creating the next generation of innovative decentralized apps and process the adoption of Web3. The update brings aUSD to Shiden, the sister network of Astar. Astar Network made the announcement. It comes after...
Pendulum & Amplitude Team Up With Acala to Integrate aUSD
17.6.2022
Acala published a blog post to announce that it has integrated aUSD into the Pendulum and Amplitude parachains with Amber set to integrate the native token after its launch on Polkadot parachain. Pendulum seeks to leverage the token to facilitate the exchange services of fiat currency...
Polkadot Launches First Cross-Chain Link Between Acala & Moonbeam
13.5.2022
Moonbeam has announced a cross-chain link with Acala using HRMP bidirectional channels that allow token transfers and native communications between the chains without any bridges. The connection uses XCM on the Polkadot platform as XCM was recently released. However, many more will undoubtedly...
Coinbase Cloud Partners with Acala Foundation to Support Liquid Staking
27.4.2022
Coinbase Cloud recently announced a partnership with Acala Foundation. The collaboration will promote liquid staking, with KSM being their first target on Karura. The process allows token holders to stake tokens while integrating them into DeFi without subjecting token holders to any unbonding...