Stablecoin event

Acala restores aUSD collateralization and operations

Governance burns and recovery actions restored full collateralization before Acala resumed operations.

ImpactHigh
Detail kindOther
Sources1

Acala Dollar / aUSD Seed

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Acala Network

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Event details
Date2022-09-26
Event typeRecovery
Event detail kindOther
Stablecoin subjectsAcala Dollar / aUSD Seed
Organization subjectsAcala Network
ImpactHigh
Effect on stablecoin statusActive
Recovery / reversalNot applicable / unresolved
Recovery date
Cause or mechanismPublic information is incomplete.
Record confidenceHigh
Sources
SourcePublisherTypeEvidence scope
Acala Incident Report 14/08/2022AcalaOfficial Incident ReportError Mint, Governance Burn, Recovery, Security Incident and Recovery

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