Alcala Resumes Operations After Printing Over $3

Some blockchain tasks need to take care of hackers, and others, like Alcala, need to take care of their very own builders. A “human error” a couple of weeks in the past virtually killed the entire mission. Nonetheless, due to the mutual effort of the group and the builders, the issue has been solved —sort of.

On September 26, Acala community introduced the reactivation of its operations after having recovered $2.970 million in aUSD of the $3.022 million its workforce
mistakenly printed in August.

In response to Acala, the group voted to renew community operations after burning virtually the totality ($2.7 billion aUSD) of the printed tokens.

A Very Pricey Mistake

On August 15, The DeFi platform Acala revealed a report explaining how they mistakenly printed over 3 billion of its aUSD stablecoin, inflicting its instant collapse. At the moment, aUSD plummeted greater than 99%, hitting a value of lower than $0.01 per coin.

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