Home Business Most Acala services are still offline twelve days after the attack

Most Acala services are still offline twelve days after the attack

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Most Acala services are still offline twelve days after the attack

Key points to remember

  • Acala said today that most of its services remain on hiatus after an attack on Sunday August 14.
  • Of the 22 services listed on the Acala website, 18 services are paused while three are operating normally.
  • Acala says it is working to restore functionality and recover USD through its tracing efforts.

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The majority of services on Acala are still offline, according to a statement from the project today.

Majority of Acala services are down

Acala is still trying to restore operations more than a week after suffering an exploit that caused its stablecoin to crash.

The project said today that “many services have been suspended…including the XCM transfer”. This means that cross-chain transfers between Acala and other Polkadot parachains are currently not available.

Various other services are also non-functional. Users cannot transfer most tokens, use bridge services, mint the aUSD stablecoin, perform token swaps, use instant withdrawal, or engage with the protocol’s various earning features.

Of the 22 services listed on Acala’s support page18 services are on hiatus.

Only three services are functioning normally. The first active service is for basic on-chain transactions that involve the project’s native ACA token. The other two operational services are for staking: Liquid DOT staking and normal untied period staking are working normally.

Acala was offensive Sunday August 14. At that time, the author managed to mint at least 1.28 billion aUSD tokens.

The attacker exchanged a relatively small portion of the mistakenly minted tokens for other assets. The community quickly noticed the incident; in response, they froze the Acala channel and its services with an “urgent governance vote”.

The frost allowed Acala to trace, recover and engrave around 3 billion aUSD tokens minted by mistake.

On August 24, Acala said it was still working to trace the funds. “70% of the transactions concerned are still necessary [sic] a trace and this work is still ongoing,” he said. The project offers a bonus to people who return a large sum of funds.

Disclosure: At the time of writing this article, the author of this article owned BTC, ETH, and other cryptocurrencies.

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