Ankr confirms exploit, asks for immediate trading halt

WikiBit 2022-12-02 02:48

Decentralized Finance (DeFi) protocol Ankr has been hit with an exploit targeting its aBNBc token, with millions estimated to have been stolen already.

The BNB Chain-based decentralized finance (DeFi) protocol Ankr has confirmed it has been hit by a multi-million dollar exploit on Dec. 1.

The attacker was purportedly able to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), a reward-bearing token for BNB (BNB) staked on the protocol. The exploiter has since used services such as Uniswap, Tornado Cash, and various bridges to swap and obfuscate the funds and has successfully gained around 5 million USD Coin (USDC)

Seems that @ankr got hacked an hour ago!nThe exploiter minted 20T aBNBc and dumped it on #PancakeSwap.nAt present, the exploiter have successfully exchanged more than 5 million $USDC.

— Lookonchain (@lookonchain) December 2, 2022

It's believed either a vulnerability in the protocol's smart contract or a compromise of private keys is to blame for the exploit.

Ankr only made a quick statement on its Twitter page that its “aBNB token has been exploited” and that it is currently working with exchanges to immediately halt trading of the compromised token.

Our aBNB token has been exploited, and we are currently working with exchanges to immediately halt trading.

— Ankr (@ankr) December 2, 2022

Disclaimer：

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Related exchange

ANKR

Reputation Ratings

Ankr