Many wake up to a sudden drop in the price of aUSD from $1 to $0.009. Decentralized finance (DeFi) platform Acala’s native stablecoin, aUSD by 99% after hackers exploited a bug in a protocol’s newly-deployed iBTC-aUSD liquidity pool to mint 1.28 billion tokens.
Acala team disabled the transfer of the “erroneously minted aUSD” remaining on the Acala parachain. While the hacker's wallet still has 1.27 billion tokens in wallet. It has been reported that hacker wasn't the only one to exploit the bug.
It is still to be seen what Acala will do to correct the price.