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In the United States, regulators have been grappling with the classification of crypto assets as securities, property, or something else for quite some time. Recently, the Securities and Exchange Commission (SEC), the most stringent regulator, has ramped up its crackdown on crypto staking.
The group claims they are being discriminated against because they are liquidity providers for rival coins.
The Shanghai upgrade is fast approaching, and Ethereum whales can't keep calm. Lido finance total value locked (TVL) recently passed that of MakerDAO and today tops the market at $7.6 billion, accounting for 16.96% of the entire DeFi TVL.
According to team, exploit case is still ongoing as of right now
The hacker who compromised web3 infrastructure platform Ankr in early December, leading to a loss of $5 million worth of BNB, committed a major mistake tracing funds back to their original wallet. In a Jan.
Despite Binance Coin's [BNB] staking derivatives post-recovery, following Ankr's exploit at the beginning of the month, BNB continued on a decline, data from CoinMarketCap revealed.
Ankr announced that it has made sweeping changes to its security outlook following a protocol exploit by an ex-employee.
The team has alerted relevant authorities and is seeking to prosecute the attacker while also shoring up its security practices.
Ankr has extensively examined the facts and taken actions to avoid any attacks like the one that occurred on December 1st using the aBNBc token.
The trillion aBNBc exploit on ANKR protocol extended to several other crypto platforms. The protocol custodians identified the perpetrator and set a recovery plan to compensate the affected parties.
The company is working with law enforcement to prosecute the attacker.
According to Ankr, it is working with law enforcement to prosecute the former member of its team.
Ankr Protocol (ANKR) revealed that a former team member carried out the December 2 hack that led to a loss of around $5 million, according to a December 20 statement. The post Ankr reveals ‘former team member' carried our hack on protocol in early December appeared first on CryptoSlate.
Ankr says it's requesting background checks for staff after trillions of crypto tokens were illicitly minted by a rogue former employee
As blockchain developers compete for traffic and resources for their respective dapps (decentralized applications), the downside to this, according to some in the industry, can be a poor user experience which in turn undermines the mass adoption cause.
The Ankr team finalized the purchase of 6,843,323 HAY on Decentralized Exchanges (DEXs) out of the entire 17,747,582 HAY of accumulated bad debt.
On Dec. 2, hacker exploited vulnerabilities on Ankr
Ankr has revealed plans to reimburse victims of its Helios protocol.
Worst Polkadot Tokens This Week: The tokens on the Polkadot ecosystem have shown some optimism by going slightly up today. However, some of the major tokens in the chain have plunged down in the past 7 days.
Blockchain infrastructure platform Ankr has announced that it would be allocating $15 million to cover the bad debt as a result of its recent exploit. Ankr To Buy Back Bad Debt Blockchain infrastructure platform Ankr has announced that it is planning on allocating $15 million to buy back the bad debt which resulted from its recent exploit and the subsequent over-circulation of HAY tokens.
Helio protocol had a total value locked of approx. $90 million before the incident.
Decentralized finance (DeFi) protocol Ankr said it will reimburse the users impacted by the $5 million exploit that occurred on its platform Friday. "The Hash" panel discusses the latest DeFi exploit and its possible regulatory implications.
After a hacker robbed staking infrastructure provider Ankr for $5 million, a second used its then-nearly worthless wrapped BNB tokens to scam stablecoin issuer Helio Protocol for $15 million.
A security breach nearly sent Ankr underwater, but the team's timely intervention saved the day.
