acala network News

The Acala Network released the full trace results report regarding all addresses involved in the aUSD incident. Mid August, Acala Network’s aUSD stablecoin depegged by more than 99%, forcing the Acala team to pause a hacker’s wallet, raising concerns about…

Hackers have exploited a loophole in Acala’s newly-created iBTC/aUSD liquidity pool to steal millions of dollars worth of tokens on August 14, 2022, forcing the aUSD stablecoin to lose its peg with the USD. The Acala team has since disabled…

This year has been rough for stablecoins as several stablecoins have depegged from the USD. On August 14th, the AUSD (Polkadot-based stablecoin) of Acala Network dropped below $1. Reports revealed that a hacker attacked the platform and minted over 1.2…

Current has announced plans to integrate decentralized finance (DeFi) features into its mobile banking app, starting with Polkadot’s Acala Network. Current’s deal with Acala will make it possible for the team to build hybrid finance (HyFi) ecosystem enabling consumers to…

Polkadot’s decentralized financial hub Acala today welcomed Coinbase Ventures into its rapidly expanding ecosystem. Coinbase Ventures Backs Acala and Karura for Polkadot DeFi In an announcement made on April 1, Acala Network – the decentralized financial hub and stablecoin of…

Acala has announced via Twitter on March 26, 2021, that it has successfully secured a spot on Polkadot (DOT) Rococo testnet. Acala aims to create a cross-chain open financial hub on the Polkadot blockchain. Acala Live on Rococo Having successfully…