- Acala Network Completes Fake Mint Investigation
- It was possible to return 99% of the erroneously created aUSD
- Fraudsters have a little more than 42 million “coins” left
- The further fate of erroneously created funds will be decided by the community
Recall that on August 14, Acala Network was hacked. As a result, the hackers minted about 3 billion aUSD, dropping the rate to $0.05. Later, the administration managed to return almost all of these funds. Today, September 5, a detailed analysis of this incident, as well as the results of its investigation, appeared on the official website.
Thus, the administration managed to trace 281 addresses that received erroneously created tokens. Of just over 52 million aUSD, 42.482 million remain.
Almost all of this was transferred by the attackers to other parachains (Moonbeam, Astar, Interlay, and CEX), exchanges and other platforms. The administration has discovered a trace of the cryptocurrency, which gives hope for its return in the future.
You can view the full trace, as well as tables of accounts with balance changes, by the link. The publication of the report marks the completion of the first stage.
Next, community members must confirm the results of the investigation, after which a proposal will be made to eliminate the shortcomings of the aUSD mint mechanism. Also, the administration does not deny the possibility of reusing part of these funds, again, with the consent of the quorum.