Ankr confirms exploit, asks for immediate trading halt

The BNB Chain-based decentralized concern (DeFi) protocol Ankr has confirmed it has been deed by a multi-million dollar exploit connected Dec. 1.

The attacker was purportedly capable to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc), a reward-bearing token for BNB (BNB) staked connected the protocol. The exploiter has since utilized services specified arsenic Uniswap, Tornado Cash, and assorted bridges to swap and obfuscate the funds and has successfully gained astir 5 cardinal USD Coin (USDC)

— Lookonchain (@lookonchain) December 2, 2022

It's believed either a vulnerability successful the protocol's astute declaration oregon a compromise of backstage keys is to blasted for the exploit.

Ankr lone made a speedy connection connected its Twitter leafage that its "aBNB token has been exploited" and that it is presently moving with exchanges to instantly halt trading of the compromised token.

Our aBNB token has been exploited, and we are presently moving with exchanges to instantly halt trading.

— Ankr (@ankr) December 2, 2022

Cointelegraph contacted Ankr but did not person an contiguous response.

This is simply a processing communicative and much accusation volition beryllium added arsenic it becomes available.