bitcoin
Bitcoin (BTC) $ 23,886.40
ethereum
Ethereum (ETH) $ 1,674.43
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 331.11
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.415525
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.094469
cardano
Cardano (ADA) $ 0.406468
solana
Solana (SOL) $ 25.28
matic-network
Polygon (MATIC) $ 1.24
polkadot
Polkadot (DOT) $ 6.57
tron
TRON (TRX) $ 0.063761
bitcoin
Bitcoin (BTC) $ 23,886.40
ethereum
Ethereum (ETH) $ 1,674.43
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 331.11
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.415525
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.094469
cardano
Cardano (ADA) $ 0.406468
solana
Solana (SOL) $ 25.28
matic-network
Polygon (MATIC) $ 1.24
polkadot
Polkadot (DOT) $ 6.57
tron
TRON (TRX) $ 0.063761
-4.4 C
Chicago
HomeMarket UpdatesA former worker was behind $5 million exploit on Ankr

A former worker was behind $5 million exploit on Ankr


  • Ankr says a former worker exploited the protocol through a provide chain assault.
  • The attacker stole $5 million from the protocol after minting 6 quadrillion aBNBc tokens and at last swapping them into USD Coin (USDC).
  • Ankr is working with legislation enforcement to deliver the person to justice.

Decentralised finance (DeFi) protocol Ankr has revealed {that a} former member of the staff was behind the exploit that noticed $5 million stolen from the platform.

An replace Ankr printed on its web site said that it’s an ex-employee who orchestrated the provision chain assault. 

The DeFi protocol famous that the early December assault resulted from a malicious code package deal the previous worker inserted into the system, and which then compromised the protocol’s personal keys after an replace.

Ankr exploit was ‘inside job’

The within job noticed the attacker steal Ankr Reward Bearing Stake (aBNBc), that are staking reward tokens customers get after they stake Binance Coin on Ankr. 

Through the assault, the hacker was capable of mint 6 quadrillion aBNBc tokens. They then proceeded to swap the minted tokens through the Twister Money mixer, ending up with $5 million within the stablecoin USD Coin (USDC).

Ankr says it’s cooperating with legislation enforcement to assist prosecute the mentioned particular person.

Within the aftermath of the exploit, Ankr labored on a reimbursement plan for impacted customers and liquidity suppliers. The Web3-native organisation moved to repair the breach on the aBNBc borrowing platform Helio, by re-stabilizing HAY worth. 

The staff additionally airdropped ankrBNB to clients who misplaced their aBNBc or aBNBb tokens and BNB to all impacted DeFi liquidity suppliers.

See also  Why is MINA outperforming the broader cryptocurrency market at present?

CoinsTeacher

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Explore More

Related Articles