Biggest hacks of this week – 15th August
BlueBenx claims to have lost $32 million due to exchange’s hack
@web3isgreat, Brazilian crypto investment firm blocks withdrawals after claiming to have lost R$ 160 million (about US$ 32 million) to a hacker
— Muhammad al-Khwarizmi (@Algoriitmo) August 13, 2022
Users of BlueBenx, a Brazilian cryptocurrency investment platform with more than 22,000 users, can no longer withdraw funds, which promises returns of up to 66% by investing in cryptocurrencies. BlueBenx claimed to have been hacked and fired most of its employees. https://t.co/le9S12K4jg
— Wu Blockchain (@WuBlockchain) August 13, 2022
Brazilian crypto lender BlueBenx halts customer withdrawals and lays off employees after $32 million "hack"
— web3 is going just great (@web3isgreat) August 14, 2022
August 14, 2022https://t.co/drskoMJp3i pic.twitter.com/15XVrDSy8P
Acala aUSD drops 99% after 1 billion illicit token mint
We have noticed a configuration issue of the Honzon protocol which affects aUSD. We are passing an urgent vote to pause operations on Acala, while we investigate and mitigate the issue. We will report back as we return to normal network operation.
— Acala (@AcalaNetwork) August 14, 2022
We have identified the issue as a misconfiguration of the iBTC/aUSD liquidity pool (which went live earlier today) that resulted in error mints of a significant amount of aUSD
— Acala (@AcalaNetwork) August 14, 2022
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The misconfiguration has since been rectified and wallet addresses that received the errorneously minted aUSD have been identified, with on-chain activity tracing in respect of these addresses underway
— Acala (@AcalaNetwork) August 14, 2022
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Based on preliminary on-chain tracing, 99%+ of the errorneously minted aUSD remain on Acala parachain with a small proportion of errorneously minted aUSD being swapped for ACA and other tokens on Acala parachain.
— Acala (@AcalaNetwork) August 14, 2022
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Pending Acala community collective governance decision on resolution of the error minting, these errorneously minted aUSD remaining on Acala parachain along with these swapped Acala parachain native tokens have been transfer disabled.
— Acala (@AcalaNetwork) August 14, 2022
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If you are a whitehat/recipient of errorneously minted aUSD or swapped token from these aUSD that are not on Acala, please transfer them to addresses below👇
— Acala (@AcalaNetwork) August 14, 2022
On Polkadot: 13YMK2eYoAvStnzReuxBjMrAvPXmmdsURwZvc62PrdXimbNy
On Moonbeam: 0x7369626cd0070000000000000000000000000000
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If you are a whitehat holder/recipient of ACA obtained from swap of the errorneously minted aUSD, please transfer to the following address 👇
— Acala (@AcalaNetwork) August 14, 2022
23M5ttkmR6KcoTAAE6gcmibnKFtVaTP5yxnY8HF1BmrJ2A1i
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Meanwhile functions including swap, xcm, honzon-related etc on Acala have been paused via urgent governance votes until further notice; the oracle pallet has also been paused so that users do not need to concern liquidations in between time.
— Acala (@AcalaNetwork) August 14, 2022
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Next up, we will continue on-chain activity trace, and share the results with the community to facilitate formulation of community proposal & decision making to resolve the error mint of aUSD & restore aUSD peg. Thanks for your patience & support, will update as we progress
— Acala (@AcalaNetwork) August 14, 2022
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