Acala trace report reveals 3B aUSD erroneously minted

High-profile security incidents continue to be a theme in 2022, with the Acala network joining a long list of stricken platforms to fall prey to exploits. The Acala USD (aUSD) token, which acts as a native stablecoin for the Polkadot and Kusama blockchains, saw its value plummet 99% after a misconfiguration of the iBTC/aUSD liquidity…

The 5 Best Motorcycle Loans for 2022

Harley-Davidson leads the pack when it comes to manufacturer financing. By offering loans on new and used models, you can benefit from low-interest loans with repayment terms of up to seven years. Additionally, Harley-Davidson will also offer financing if you purchase a Harley from a private individual. Advantages Equipment and accessories can be added to…

Network and token freeze after Acala exploit raises questions

The Acala Network’s aUSD stablecoin depegged by over 99% over the weekend and forced the Acala team to pause a hacker’s wallet, raising concerns about its claim of being decentralized. On Sunday, a hacker took advantage of a bug on the iBTC/aUSD liquidity pool that resulted in 1.2 billion aUSD being minted without collateral. This…

Best Personal Loans for Debt Consolidation of September 2022

final verdict Many lenders offer personal loans for debt consolidation, but our picks stand out. The best loan for you is one that will lower your overall cost with a lower APR and minimal fees. Discover and First Midwest Bank are great choices, both offering loans starting at less than 6% APR with no origination…

MMORPG went into ‘hiatus’ after crypto investors bailed, denies it misused funds

Phat Loop Studios, the company under fire last week for abandoning its Kickstarter and crypto-funded MMORPG game Untamed Isles, is now denying accusations that they lost their backers’ funds investing in crypto. The company came under fire last week after announcing a “hiatus” of their Pokemon-like open-world video game, with some of the community accusing…