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

FlavienDecember 2, 2022

Less than a minute

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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FlavienDecember 2, 2022

Less than a minute

Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.