I have a friend whos in Acala and have minted a fair few aUSD to borrow..no clue what happens next but it seems this wasn’t a planned attack or hack..just a user who found an exploit in the iBTC pool and minted themselves over 1 billion aUSD

Is there a master list of stablecoins that have destabilized?

Glad that for once it is a chain I have nothing to do with. Really nice breath of fresh air watching from the sidelines

In my eyes, the developers are not the only ones to blame. In my opinion, those who have checked the smart contracts bear a significant share of the blame, since not every user has the opportunity to check smart contracts themselves.

It’ll keep happening because there’s so many incompetent devs creating very exploitable tokens