Audit log

Every state-changing event for Acala Network: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.

1. #1publishby system:backfill

   2026-05-28 17:49:48Z
   Score: ? → ? (no score change)
   anchoranchored

   chain

   ●mainnet-betaslot 422,768,916

   sig

   dFds3D1qsQeu…D83EZjBJcopyexplorer ↗

   hash

   5Gx4NRUziEqY…pvAANMzRcopysha256 → base58

   verifying row…full verify ↗

   canonical bytes (6755 B) ▸

   {"actor":"system:backfill","investigation_id":"c40dd9c9-1098-42fa-b194-1e2cad065830","kind":"publish","page_slug":"acala-network","published_at":"2026-05-28T17:49:48.078Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Acala Network","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/tech/2022/08/22/inside-the-3b-defi-exploit-of-acalas-crypto-platform","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/tech/2022/08/15/acalas-stablecoin-falls-99-percent-after-hackers-issue-13-billion-tokens","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/another-depeg-acala-trace-report-reveals-3b-ausd-erroneously-minted","type":"other","url":""},{"credibility":3,"name":"https://medium.com/acalanetwork/acala-incident-report-14-08-2022-392089588642","type":"other","url":""},{"credibility":3,"name":"https://cryptopotato.com/alcala-resumes-operations-after-printing-over-3-billion-in-stablecoins-by-mistake/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cointelegraph.com/news/network-and-token-freeze-after-acala-exploit-raises-questions","type":"other","url":""},{"credibility":3,"name":"https://www.fxstreet.com/cryptocurrencies/news/network-and-token-freeze-after-acala-exploit-raises-questions-202208150329","type":"other","url":""},{"credibility":3,"name":"https://beincrypto.com/acala-network-ausd-depegs-by-99-as-hacker-issues-over-1-billion-tokens/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://medium.com/quillhash/acalas-unlimited-usd-minting-exploit-analyzation-8ac8c5183a38","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/tech/2022/08/22/inside-the-3b-defi-exploit-of-acalas-crypto-platform","type":"other","url":""},{"credibility":3,"name":"https://hackenproof.com/blog/industry-news/defi-network-acala-lost-1-2-billion-ausd-in-exploit","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://cryptopotato.com/alcala-resumes-operations-after-printing-over-3-billion-in-stablecoins-by-mistake/","type":"other","url":""},{"credibility":3,"name":"https://www.coindesk.com/tech/2022/08/16/acala-stablecoins-nears-1-peg-after-community-burns-12b-ausd-minted-by-exploiters","type":"other","url":""},{"credibility":3,"name":"https://parachains.info/details/acala_network","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.kraken.com/learn/what-is-acala-aca","type":"other","url":""},{"credibility":3,"name":"https://www.crunchbase.com/organization/acala-network","type":"other","url":""},{"credibility":3,"name":"https://cryptopotato.com/acala-wins-polkadots-first-parachain-auction-with-1-3-billion-secured/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://parachains.info/details/acala_network","type":"other","url":""},{"credibility":3,"name":"https://coinmarketcap.com/cmc-ai/acala/latest-updates/","type":"other","url":""},{"credibility":3,"name":"https://www.coingecko.com/en/coins/acala","type":"other","url":""}]}],"sources_used":[],"summary":"Acala Network is a Polkadot-native DeFi hub offering a multi-collateralized stablecoin (aUSD), liquid staking, and an AMM DEX. On August 14, 2022, a misconfiguration in a newly deployed liquidity pool caused 3.022 billion aUSD to be erroneously minted, triggering a 99% depeg; approximately 98% of the erroneous tokens were subsequently recovered and burned via community governance votes. The incident raised significant concerns about the protocol's claimed decentralization after the team unilaterally placed the network in maintenance mode and froze token transfers without an on-chain vote.","timeline":[{"date":"2019-01-01","event":"Founders Bette Chen, Bryan Chen, Ruitao Su, and Fuyao Jiang meet at the first Substrate Hackathon and begin collaborating on what becomes Acala Network.","source":""},{"date":"2020-03-01","event":"Acala raises $1.4 million in a seed round from investors including Polychain Capital.","source":""},{"date":"2020-09-01","event":"Acala raises approximately $7.3 million in additional funding with backing from Coinbase Ventures, Pantera Capital, and Polychain Capital.","source":""},{"date":"2021-08-31","event":"ACA token ICO sale begins, running through September 3, 2021.","source":""},{"date":"2021-11-01","event":"Acala wins Polkadot's first parachain auction, securing approximately $1.3 billion in DOT crowdloan contributions.","source":""},{"date":"2022-08-04","event":"Acala announces the upcoming launch of the iBTC/aUSD liquidity pool.","source":""},{"date":"2022-08-13","event":"iBTC/aUSD liquidity pool goes live on Acala Network.","source":""},{"date":"2022-08-14","event":"Misconfiguration in DexSavingRewardRates parameter triggers erroneous minting of 3.022 billion aUSD across 16 addresses. aUSD price collapses from $1.03 to $0.009. Acala team unilaterally places network in maintenance mode and freezes token transfers. Community governance passes urgent votes to pause DEX, Honzon protocol, oracle pallet, and cross-chain communications.","source":""},{"date":"2022-08-15","event":"Community governance burns approximately 1.292 billion erroneously minted aUSD. CoinTelegraph and CoinDesk report on centralization criticisms surrounding the network freeze.","source":""},{"date":"2022-08-17","event":"Acala publishes initial trace results identifying 3.022 billion erroneous aUSD mints across 16 addresses.","source":""},{"date":"2022-08-20","event":"Second governance vote approves burning of remaining 1.682 billion aUSD held in LP positions.","source":""},{"date":"2022-09-05","event":"Acala publishes full incident trace report confirming approximately 2.97 billion aUSD recovered with losses from off-chain transfers estimated between $1.6 million and $10 million.","source":""},{"date":"2022-09-26","event":"Acala Network announces resumption of full operations after community referendum approves reactivation.","source":""},{"date":"2024-06-17","event":"Acala 2.0 Sinai Upgrade deployed, with stated improvements to DeFi functionality and security architecture.","source":""},{"date":"2025-01-01","event":"ACA token records closing price of approximately $0.010, representing a 90%+ decline year-over-year.","source":""},{"date":"2026-01-01","event":"ACA token falls to approximately $0.00072, down approximately 92.9% from the prior year and over 99% from its all-time high of $2.79.","source":""}]},"v":1}

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   python -m src.verify_decision 820b532f-84b1-4299-b6cf-bd77514265cecopy