Ongoing Spot Campaigns_THE

DearAcalaCommunity,

YoumayhavenoticedtherecentaUSDincident,andKuCoinisworkingcloselywiththeAcalaFoundationtoinvestigateit,aswellasfindsolutionstobringtheblockchainbackonline.

TheAcalaFoundationhasrecentlypublishedtheFullTraceReport,andtheAcalacommunityhasinitiatedaproposalforaUSDrecoverybasedonthereport.However,ithasbeenfoundthatmuchoftheimportantinformationrelatedtotheCEXintheproposalisinaccurate,suchasthenumberofaUSDerrormintssenttoKuCoinandthenumberofaUSDerrormintstradedonKuCoin.?

ConsideringthatthecurrentproposalbasedoninaccurateinformationmaynotleadtothebestsolutionfortheAcalacommunity,KuCoinispublishingthisannouncementtotheAcalaCommunity.Itisstronglysuggestedthatthecommunityreconsiderthecurrentproposalbasedontheinformationweshared.?

Web3 風險投資基金LongHash Ventures 與 Protocol Labs 合作:金色財經報道，?Web3 風險投資基金 LongHash Ventures 宣布與 Filecoin 和 IPFS 的創建者 Protocol Labs 建立合作伙伴關系。LongHash Ventures 將與 Protocol Labs 合作推出第三個 LongHashX Accelerator Filecoin Cohort。該計劃旨在加速 Filecoin 生態系統中早期團隊的項目創建。該計劃自 2018 年以來一直存在，過去曾與著名的區塊鏈項目合作，包括 Polkadot、Algorand 和現在的 Filecoin。（theb harat express news）[2022/5/24 3:36:42]

WhatHappen?

At22:41:48onAugust14,2022(UTC),whentheblockheightoftheAcalachainreached1638215,amisconfigurationoftheiBTC/aUSDliquiditypoolonAcalaSwapresultedinerrormintsofasignificantamountofaUSD.

火幣全球站已發放2月GAS、ONG、ALGO持倉獎勵:據官方公告，火幣全球站現已完成2020年2月GAS、ONG、ALGO持倉獎勵的發放，用戶可登錄火幣賬戶查看。[2020/3/10]

Aftertheincident,alargenumberofusersdepositedaUSDerrormintsintoKuCoin,resultinginaUSD’sdepegfrom$1.Soonafterthat,theAcalaSwapandtheAcalachainwerepaused.

TheAcalaFoundationcontactedusandaskedforourhelptotemporarilyfreezeaccountsthatareassociatedwiththeaUSDincident,preventinganyfurthertransactionsoftheaUSDerrormints.ToprotecttheAcalacommunity,aUSDholders,aswellasKuCoinusers,KuCointemporarilyfroze2batchesofsuspiciousaccountsonAugust14andAugust18.

動態 | Longfin首席執行官同意以40萬美元與SEC就其欺詐行為和解:金色財經報道，區塊鏈概念股Longfin Corp.首席執行官Venkata Meenavalii已同意就欺詐性公開發行和偽造收入的指控與美國證券交易委員會（SEC）和解，該和解仍在等待法院批準。 同時，美國檢察官辦公室繼續對Meenavalii提起單獨的刑事訴訟。此前6月份消息， SEC指控區塊鏈概念股Longfin以欺詐手段上市納斯達克。[2020/1/4]

Duringtheinvestigation,KuCointrieditsbesttoprovideassistance.Meanwhile,wehaverequestedmultipletimesthattheAcalaFoundationshouldprovideaplantodisposeoftheaUSDerrormintsandsolvetheaUSDdepegissueassoonaspossible.

OnAugust24,2022,KuCointaggedaUSDasST(SpecialTreatment)ontheplatformtoinformallinvestorsaboutthepotentialriskofthetoken.

聲音 | 比特幣開發者Jimmy Song：穩定和安全是比特幣有價值的地方:比特幣開發者Jimmy Song在Twitter表示，太多的人在比特幣上犯了分類錯誤。比特幣不是像Instagram這樣的科技游戲，必須不斷創新才能獲勝。比特幣是像黃金一樣的貨幣游戲，穩定和安全是它有價值的地方。[2019/1/6]

OnAugust26,2022,KuCoinwasinformedbytheAcalaFoundationthattheywillsoonpublishtheFullTraceReportoftheaUSDincident,andtheAcalacommunitymayinitiateaproposalforaUSDrecoverybasedonthereport.

TheReport&Proposal

OnSeptember6,2022,KuCoinhasnoticedthereleaseoftheFullTraceReportaswellasaproposallaunchedbyanAcalacommunitymember.Theproposalentails:

ForaUSDerrormintsthathavebeenfrozenbyCEX,itissuggestedtofreezethemon-chain

美股區塊鏈概念股Long Blockchain決定不采購比特幣挖礦設備:據了解，美股區塊鏈概念股Long Blockchain聲明稱決定不采購比特幣挖礦設備。[2018/2/2]

ForaUSDerrormintsthathavebeentradedonCEX,itissuggestedtohavetheAcalaFoundationtoloancollateralssuchasUSDCACAtothenetworktore-collateralizethem

Asaneutralplatform,KuCoinhasnointentiontointerveneinthegovernanceoftheAcalacommunity,butithasbeenfoundthatmuchoftheimportantinformationrelatedtotheCEXinthereportandtheproposalisinaccurate,soKuCoinwouldliketomakesomeclarificationhere:?

1.ThetotalnumberofaUSDerrormintssenttoKuCoinis8.03M,ratherthan4.937Masmentionedinthecommunityproposal.(HereisthefulllistofKuCoinAddressesrelatedtoaUSDerrormints)

(ScreenshotfromtheAcalacommunityproposal)

2.ThetotalnumberofaUSDerrormintstradingonKuCoinis5.33M,ratherthan1Masmentionedinthecommunityproposal

(ScreenshotfromtheAcalacommunityproposal)

Conclusion&Suggestion

Basedontheabove-mentionedinformation,iftheAcalacommunityisgoingtoproceedthesamesolutionintheproposal,thenitisrequiredtore-collateralize10.267MaUSDerrormints(4.937fromotherparachainsand5.33MfromCEX)thataretransferrable,ratherthan5.937M.

(ScreenshotfromtheAcalacommunityproposal)

Ifthecurrentproposalbasedoninaccurateinformationhasbeenexecuted,itmeansthatover4.33MaUSDtokens(5.33Mminus1M)thatwereheldbyinnocentaUSDholderswillbefrozen,andevenburnt,whichmayresultintremendousdamagetotheAcalacommunityandthepriceoftheaUSDtoken.?

GiventhesignificantdifferenceintheamountofaUSDerrormintsdeemednecessarytore-collateralize,itissuggestedthattheAcalacommunityreconsiderthecurrentproposaltogetherwiththeAcalaFoundation.?

Intheinterestsofprotectingusers,KuCoiniswillingtocontinuetoprovidesupporttotheAcalacommunityandtheAcalaFoundation.Andwithourjointefforts,wehopetheincidentcanberesolvedsoon,whileensuringthatnoinnocentusersuffersanyloss.?

Currently,thedepositandwithdrawalserviceofaUSDremainsclosed,andthetradingserviceofaUSDisstillavailableonKuCoin.Wewillkeepyouinformedofanychanges.Pleasedoyourownriskassessmentwheninvestingintoanycryptocurrencies.?

TheKuCoinTeam

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