Looks like Acala Network was just hacked due to a bug in the iBTC/AUSD pool.
Here is the attacker wallet which now holds over a billion $aUSD.
https://acala.subscan.io/account/26JmEcghNmggvT46sojckg34Py9zFRKkCcFy3gr49hrFgT2k
And as expected, the devs ask for a proposal to pause the blockchain
https://twitter.com/AcalaNetwork/status/1558642849649856512
DeFi is still a complicated topic.
The irony is that people prefer stablecoins over bitcoin because they think bitcoin can go to 0 overnight and stablecoins cant
How many times are these guys going to try and make algo stable coins only to fail? Geez the desire to print dollars is clearly way too strong
LOL.
https://twitter.com/TheBTCManual/status/1558712066323644417
https://nitter.it/TheBTCManual/status/1558712066323644417
Are Taro devs among "these guys"?