KuCoin extremely suggests the Acala Basis and the Acala group determine a method to re-collateralize all error mint aUSD tokens prior to resuming the community.
Expensive KuCoin Customers,
The Acala Basis has lately revealed the Acala’s Path to Resuming Operations, paving its method to get better from the aUSD incident again in August 2022.
KuCoin is satisfied to look the Acala Basis is operating at the resume of Acala community. Nevertheless, it’s spotted that in step with the “Acala’s Path to Resuming Operations” announcement, the mistake mint aUSD tokens required to be re-collateralized are round 5.84 million.
Alternatively, in line with our investigation, but even so the 5.84 million, there are nonetheless different error mints of round 4.75 million aUSD tokens in flow that wish to be collateralized, which means that that a huge portion of error mint aUSD tokens may not be re-collateralized when Acala community resumes.
KuCoin extremely suggests the Acala Basis and the Acala group determine a method to re-collateralize all error mint aUSD tokens prior to resuming the community. And prior to that, KuCoin goes to regulate the aUSD comparable services and products as underneath:
1. KuCoin will open the deposit carrier of aUSD when the Acala community resumes.
2. The withdrawal carrier of aUSD will quickly stay closed since error mint aUSD tokens have no longer been totally re-collateralized.
3. Buying and selling carrier for aUSD may not be affected.
We ask for forgiveness for any inconvenience this may increasingly purpose and can stay you knowledgeable of any adjustments. Please do your individual possibility overview when making an investment in any cryptocurrencies.
For additional knowledge at the aUSD incident, please seek advice from:
KuCoin Announcement to the Acala Community Regarding the aUSD Incident
The KuCoin Crew
