The remaining 1% were swapped or moved to other parachains. The team is still in the process of recovering them.
4/9 99%+ of erroneously minted aUSD remain on the Acala parachain with a small proportion transferred out from Acala. To contain the error minted aUSD, urgent gov votes were passed to pause honzon protocol, xcm, EVM, non-ACA token transfers, oracle pallet, & LDOT instant redeem
Depite reverting the mass-minting of aUSD, many in the Acala community raised concerns around the project’s ability to pause the parachain amid the chaos.
A parachain is an independent blockchain built on Polkadot that’s interoperable with any other parachain in the network.
“I realize that this is done with good intent, but this is a slippery slope,” a Twitter user raising concerns surrounding Acala’s operations tweeted.
“I agree it is a good thing to fix the problem hurting normal users and not letting the hackers get away with anything; that being said, I also don’t want to see some proposal to take my or any other normal user’s money or rights by the voting of some crowd,” said a user on Acala’s discord.
Decrypt has reached out to Acala for comments on “centralization” concerns.
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