Key Takeaways
- Acala mentioned immediately that the majority of its providers stay paused after an assault that occurred on Sunday, August 14.
- Of the 22 providers listed on Acala’s web site, 18 providers are paused whereas three are working usually.
- Acala says that it’s working to revive performance and get better aUSD by means of its hint efforts.
Share this text
A majority of providers on Acala are nonetheless offline, in accordance with an announcement from the challenge immediately.
Majority of Acala Providers Are Down
Acala continues to be trying to revive operations greater than per week after struggling an exploit that collapsed its stablecoin.
The challenge said today that “lots of the providers have been paused… together with XCM switch out.” Because of this cross-chain transfers between Acala and different Polkadot parachains usually are not presently accessible.
Numerous different providers are additionally non-functional. Customers can’t switch most tokens, use bridge providers, mint the aUSD stablecoin, carry out token swaps, use prompt unstaking, or have interaction with the protocol’s numerous earn options.
Of the 22 providers listed on Acala’s support page, 18 providers are paused.
Solely three providers are working usually. The primary lively service issues fundamental on-chain transactions that contain the challenge’s native ACA token. The opposite two operational providers concern staking: each liquid DOT staking and regular unbound interval unstaking are working as regular.
Acala was attacked on Sunday, August 14. At the moment, the perpetrator managed to mint a minimum of 1.28 billion aUSD tokens.
The attacker exchanged a comparatively small portion of the erroneously minted tokens for different belongings. The neighborhood rapidly observed the incident; in response, they froze the Acala chain and its providers with an “pressing governance vote.”
The freeze has allowed Acala to hint, get better, and burn about 3 billion erroneously minted aUSD tokens.
On August 24, Acala mentioned it’s nonetheless working to hint funds. “70% of the concerned transactions nonetheless required [sic] a hint and this work continues to be underway,” it mentioned. The challenge is providing a bounty to people who return a big quantity of funds.
Disclosure: On the time of writing, the writer of this piece owned BTC, ETH, and different cryptocurrencies.
