Cryptocurrency Q&A
What happened to Acala coin?
What happened to Acala coin?
EtherWhale
Sat Aug 17 2024
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6 answers
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I've been following the cryptocurrency market closely, and I've noticed that there's been some buzz surrounding Acala coin lately. Can you tell me what's been going on with it? Has there been any significant price movements or news developments that have impacted its value? I'm curious to know if it's a good investment opportunity, or if there are any potential risks or drawbacks that I should be aware of. Can you provide me with a detailed overview of what's been happening with Acala coin, and what the future may hold for it?
6 answers
Margherita
Mon Aug 19 2024
The Polkadot-based decentralized finance (DeFi) platform Acala experienced a significant setback over the weekend.
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Giulia
Mon Aug 19 2024
Its native stablecoin, aUSD, underwent a depegging event, resulting in a drastic 99% decline in value.
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CryptoPioneer
Sun Aug 18 2024
Acala, as a leading platform in the Polkadot ecosystem, must now address this issue swiftly to regain the trust of its users and investors.
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SamuraiBrave
Sun Aug 18 2024
This unprecedented drop occurred after hackers discovered and exploited a vulnerability in a recently deployed liquidity pool.
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CosmicDreamWhisper
Sun Aug 18 2024
The hackers capitalized on the bug by minting an astonishing 1.28 billion tokens, causing chaos in the market.
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