DearKuCoinUsers,?
TheAcalaFoundationhasrecentlypublishedtheAcala’sPathtoResumingOperations,pavingitswaytorecoverfromtheaUSDincidentbackinAugust2022.
KuCoinisgladtoseetheAcalaFoundationisworkingontheresumeofAcalanetwork.Nonetheless,itisnoticedthataccordingtothe“Acala’sPathtoResumingOperations”announcement,theerrormintaUSDtokensrequiredtobere-collateralizedarearound5.84million.
However,basedonourinvestigation,besidesthe5.84million,therearestillothererrormintsofaround4.75millionaUSDtokensincirculationthatneedtobecollateralized,whichmeansthatalargeportionoferrormintaUSDtokenswillnotbere-collateralizedwhenAcalanetworkresumes.
KuCoinhighlysuggeststheAcalaFoundationandtheAcalacommunityworkoutasolutiontore-collateralizeallerrormintaUSDtokensbeforeresumingthenetwork.Andbeforethat,KuCoinisgoingtoadjusttheaUSDrelatedservicesasbelow:
1.KuCoinwillopenthedepositserviceofaUSDwhentheAcalanetworkresumes.???
2.ThewithdrawalserviceofaUSDwilltemporarilyremainclosedsinceerrormintaUSDtokenshavenotbeenfullyre-collateralized.???
3.TradingserviceforaUSDwillnotbeaffected.???
Weapologizeforanyinconveniencethismaycauseandwillkeepyouinformedofanychanges.Pleasedoyourownriskassessmentwheninvestinginanycryptocurrencies.???
ForfurtherinformationontheaUSDincident,pleasereferto:?
KuCoinAnnouncementtotheAcalaCommunityRegardingtheaUSDIncident??
TheKuCoinTeam
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