coinedition.com
Earlier today, Web3 infrastructure platform Ankr was reportedly hacked for millions of dollars. Reports reveal that the hacker has apparently minted 10 trillion Ankr Reward Bearing Staked BNB (aBNBc).
The platform has confirmed the attack on its Twitter handle.
Our aBNB token has been exploited, and we are currently working with exchanges to immediately halt trading.
— Ankr (@ankr) December 2, 2022
Data from BSCScan reveal that the Ankr shifted 900 BNB coins to Tornado Cash.
Crypto journalist Colin Wu stated that the person behind the unknown wallet exploited Ankr loopholes and used 10 BNB to exchange 183,384.92 aBNBc. Later the hacker converted aBNBc to hBNB and staked it into Helio Protocol to lend more than $16 Million BHAY0 and exchanged it into HAY0.
BNB chain has launched the liquid staking function through Ankr which lets users earn interest . The interest is gained by allocating BNB tokens to the liquid staking agreement while getting aBNBc. After the hack, the value of aBNBc went down by 99.5%.
Taking note of the hack, crypto exchange Binance stopped withdrawals a few hours ago. Binance CEO Changpeng Zhao also said that the firm froze about $3 Million that hackers moved to their Centralized Crypto Exchange.
Possible hacks on Ankr and Hay. Initial analysis is developer private key was hacked, and the hacker updated the smart contract to a more malicious one. Binance paused withdrawals a few hrs ago. Also froze about $3m that hackers move to our CEX.
— CZ 🔶 Binance (@cz_binance) December 2, 2022
On being asked by a twitter user if Binance can set up a contract auditor to safeguard projects on the BSC chain, Zhao responded that the original smart contract seemed good, but once a hacker found the dev private key, they updated the smart contract.