Ankr Verifies The Exploit & Requests An Immediate Trade Suspension

On December 1, the BNB Chain-based decentralized finance (DeFi) protocol Ankr was hit by a multi-million dollar exploit.

According to reports, the attacker was able to create 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), a reward-bearing token for BNB staked on the protocol. Since then, the exploiter has successfully obtained approximately 5 million USD Coin by using services such as Uniswap, Tornado Cash, and various bridges to swap and obfuscate the funds.

The attack is thought to be the result of either a flaw in the protocol's smart contract or a breach of private keys.

Ankr issued a brief statement on Twitter stating that their "aBNB token has been abused" and that it is working with exchanges to quickly suspend trade of the compromised token.

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