lydian-logo
bitcoin

Bitcoin (BTC)

Price
$ 68,887.46
ethereum

Ethereum (ETH)

Price
$ 3,842.84
cardano

Cardano (ADA)

Price
$ 0.454287
xrp

XRP (XRP)

Price
$ 0.523735
litecoin

Litecoin (LTC)

Price
$ 84.63
stellar

Stellar (XLM)

Price
$ 0.107113

Ankr confirms exploit, asks for immediate halt to trading

Published on

February 1, 2023
Read Time:1 Minute, 12 Second

BNB chain-based decentralized finance (DeFi) protocol Ankr has confirmed that it was hit by a multi-million greenback exploit on December 1st.

The attacker was allegedly in a position to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), a BNB reward-bearing token (BNB) that was staked on the protocol. The exploiter has since used companies like Uniswap, Twister Money, and varied bridges to swap and obfuscate the funds, and has efficiently extracted round 5 million USD Coin (USDC).

It seems that @ankr was hacked an hour in the past!

The exploiter minted 20T aBNBc and threw it up #pancakeswap.

At the moment, the exploiter has efficiently exchanged greater than 5 million $USDC.https://t.co/hF1tgNYw0t pic.twitter.com/XIPjBi6wvs

— Lookonchain (@lookonchain) December 2, 2022

It's believed that both a vulnerability within the protocol's sensible contract or a compromise of personal keys is answerable for the exploit.

Ankr solely issued a quick assertion on its Twitter web page that its “aBNB token has been exploited” and that it's at the moment working with exchanges to cease buying and selling the compromised token instantly.

Our aBNB token has been exploited and we're at the moment working with exchanges to halt buying and selling instantly.

— Ankr (@ankr) December 2, 2022

Cointelegraph contacted Ankr however didn't obtain a right away response.

That is an evolving story and extra data can be added because it turns into obtainable.

Source link

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : February 1, 2023
Top crossmenumenu-circle