As of September 5, 52 million erroneously minted aUSD remain in the network. In total, 281 addresses were involved in the incident, according to the Acala parachain team’s report.
The Full Trace Report has been published.
281 involved addresses were traced. Of the 52.068M outstanding aUSD error mints, 42.482M remain on these addresses. Error mints sent to other parachains, CEXs, etc were also included.
Please see details here: https://t.co/x7NKZyVYFE
— Acala (@AcalaNetwork) September 4, 2022
In August, an error in the iBTC/aUSD led to the issuance of a ‘significant amount’ of stablecoin. 16 addresses requested a total of ~3 billion aUSD, seeking a reward from the pool. About 1.29 billion coins from this number have been returned and burned per community decision.
Some users swapped the received assets for DOT tokens. The developers proposed returning the funds to an address on the Polkadot network for a 5% reward of the amount.
On user addresses there remain 42.482 million erroneous aUSD, 33.718 million of this total is in the DEX module. The rest of the 52 million coins have been moved to other parachains such as Moonbeam, Astar, Interlay, or to centralized exchanges.
After the initial 16 addresses that received the ‘incorrect’ coins, 83 wallets participated in aUSD transfers. The total number of involved addresses, including transactions with DOT, ACA and iBTC, reached 281.
The price of aUSD lost its peg to the US dollar after the incident. At the time of writing, the stablecoin was trading at around $0.89.
The project was the winner of the first parachain slot auction for Polkadot.
In March, the Acala team launched a $250 million fund to incentivize the use of aUSD.
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