DeFi News

Ankr protocol gets hacked for $5 million in BNB-related tokens

BNB chain-based DeFi protocol Ankr was during the night victim of an exploit.
According to on-chain data, the hacker managed to mint 20 trillion aBNBc, the Ankr Reward Bearing staked BNB, in some ways a wrapped BNB, by hacking a developer’s private key. The hacker has then used protocols such as Uniswap or Tornado Cash to funnel the tokens and obtained around $5 million in USDC.
The aBNBc dropped by around 99.5%. And Ankr’s token experienced more than a 5% drop following the exploit’s discovery.

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