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Ankr suffered an exploit that led to the minting of a huge number of aBNBc tokens This exploit led traders to significantly distribute aBNBc and other staking derivatives of BNB coin In the early trading hours of 2 December, DeFi protocol Ankr suffered an exploit that led to an excessive minting of the aBNBc token
The Ankr team has revealed further instructions on its response to the latest Ankr protocol hack. Ankr plans to reissue Ankr Reward Bearing Staked BNB (aBNBc) tokens and compensate users affected by the hack.
Web3 infrastructure provider Ankr Protocol has become the latest platform to fall victim to decentralized finance (DeFi) exploit. The exploit on the BNB chain-based DeFi protocol earlier on 2 December led to the loss of tokens worth several million dollars.
The team is currently drafting a plan to compensate the affected users.
Binance Chief Executive Officer Changpeng Zhao said on Friday that the cryptocurrency exchange has paused withdrawals after the possible attacks on Web 3 operator Ankr and Hay.
BNB Chain-based protocol Ankr becomes the latest target of a DeFi exploit. The exploiter attacked the aBNBc smart contracts on the Ankr protocol and minted 10 trillion Ankr Reward Bearing Staked BNB (aBNBc).
With the crypto industry's focus on the FTX fiasco, DeFi hackers have been making merry, hitting Ankr, and as per information available, stealing $5 million. Hackers were able to exploit an unlimited minting bug.
BNB Chain-based Destablecoin HAY has lost its $1 peg as a result of the exploit of Ankr Protocol. The team stated that they would provide an update soon.
Ankr has become the latest decentralized finance protocol to suffer an exploit
Web3 infrastructure platform Ankr faced a massive exploit earlier today with the hacker reportedly exploiting the platform for millions of dollars. As per early details, the hacker has reportedly minted 10 trillion Ankr Reward Bearing Staked BNB (aBNBc).
DeFi hackers have been busy while all attention is focused on Sam Bankman-Fried's interviews. Ankr Procotol has reported an exploit on its platform.
The decentralized-finance protocol said it is already working with exchanges to immediately halt trading of aBNBc.
Venus Protocol is thrilled to have a tremendous list of launch partners for our release of Isolated Markets. Through a series of interviews, Venus Protocol invites you to learn more about each partner and the value our users bring to its community.
Ankr will provide a geo-distributed and decentralized Sui RPC with multiple blockchain nodes to strengthen the global Sui network.
Sui, the Move-based blockchain founded by a team of Meta alumni, has brought web3 infrastructure provider Ankr aboard to provide RPC (Remote Call Procedure) services. The landmark partnership will make it easier for developers and projects to build on Sui's permissionless layer-1 network, which recently launched its first testnet Wave 1.
Enabling users to interact with their staked assets on both ecosystems.
By embracing the Ankr Liquid staking protocol, users get liquid tokens to their Coinbase wallets.
Ankr (ANKR) now supports Coinbase Wallet for liquid staking, making it possible for users to liquid-stake their tokens and earn yields via the Ankr Staking platform.
Leading Web3 infrastructure provider, Ankr has announced support for Coinbase Wallet in liquid staking. As a result, it is now easy for Coinbase Wallet users to liquid stake on the Ankr platform and generates yield on their holdings in Web3 wallet.
Web3 infrastructure provider Ankr now allows liquid staking via the Coinbase Wallet. This implies that anyone with a Coinbase Wallet can now use the Ankr Staking platform to easily increase the yield on their Web3 wallet's holdings.
As a result of the market-wide price decline, it may be difficult to make a sound investment decision in the cryptocurrency market at present.
Ankr has announced the launch of Chainscanner, an all-in-one block explorer and crypto analytics platform for app-specific blockchains (AppChains).
The Chainscanner is offered as an AppChain-as-a-Service infrastructure, an end-to-end engineering solution that enables Web3 developers to easily build custom blockchains uniquely suited to their app-specific applications.
Ankr has launched Chainscanner, a block explorer and analytics platform for Appchains. Find out why it is a win for developers and users.
