DeFi Acala freezes network and tokens due to hacking

I would remind, my friend, on August 14, a hacker took benefit of a flaw in the iBTC/aUSD liquidity pool. Due to such a thing he was able to mine 1.2 billion stable aUSD coins, but the problem is not greed of developers and jealousy of community.

The problem is in by mining that many stablecoins without collateral, he has effectively destroyed that token. Over the weekend, the Acala Network's aUSD token has depreciated by 99%. And at first glance it looks like, okay, we'll get over it.

But here Acala managed to show even more interesting things. The project team put the project into service mode without a word and froze all transactions, Oracle pallets, liquidity pools, etc. 

Community members noted the irony in Acala's claims of aUSD's resistance to censorship because the protocol froze funds so quickly. Twitter user Gr33nHatt3R.dot noted on 14 August that solutions "need to be put under management to be decentralised finance". "If Acala centrally controls this solution, is it really DeFi?"

Project Discord channel contributor usafmike suggested rolling back the chain to abolish token mining entirely, but was objected by skylordafk.dot, another contributor, who said such an action would "set a harmful precedent".

As of the time of this article, everything is also standing still, let's keep an eye on what's going on with popcorn :D.