Ankr announces further steps after million-dollar hack PeckShieldAlert $ANKR aBNBc Rug Hacked Crypto ANKR $ANKR Blockchain
Earlier today, BNB chain-based decentralized finance protocol Ankr confirmed that its aBNB token was exploited and that it was working with exchanges to immediately halt trading.first discovered the incident, reporting a 50% drop in the aBNBc price as tons of tokens were minted.The created loophole was used with an address that generated $15.5 million with only 10 BNB. The address bought 183,885 aBNBc with just 10 BNB worth $2,879.
The Ankr team says it is currently working hard to resolve the issue efficiently and has, therefore, proposed some steps for the current situation. First, it will take a snapshot and reissue AnkrBNB to all valid aBNBc holders before the exploit. The ankrBNB token will continue to be redeemable, while the aBNBc and aBNBb tokens will no longer be redeemable.Also, Ankr says it wants to buy $5 million worth of BNB to fully make up for the losses suffered by liquidity providers as a result of the exploit's draining of the liquidity pool.
Earlier, BNB Chain launched its liquid staking function through Ankr, and users can earn interest by allocating BNB tokens to the liquid staking agreement and obtaining aBNBc. The price of aBNBc fell nearly 99.5% after the exploit.
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