aBNBc Price Crashes To Zero Amid Hacker Attack On Ankr DeFi Protocol

Hackers attacked the Ankr DeFi protocol and issued a huge amount of aBNBc tokens. The price of a synthetic asset used in staking has fallen to zero. The project team confirmed the incident and assured users that their funds are safe. It promised to reissue aBNBc and compensate for losses.

According to PeckShield experts, the hacker made a profit of about $15 mln by borrowing assets in the stablecoin HAY secured by aBNBc through the Helio Protocol. The price of a dollar-pegged "stablecoin" fell by 61%. Lookonchain experts determined that the hacker received about 4 mln $USDC and 5,000 $BNB as a result of the exchanges. He exchanged the latter for a stablecoin from Centre, and sent 900 $BNB to the Tornado Cash mixer.

PeckShield noticed that another address made a profit during the hack. Its owner transferred about 3.5 mln BUSD and about 1.63 mln $USDC to Binance. The founder and head of the platform, Changpeng Zhao, confirmed that the team is monitoring the incident. The exchange blocked the assets of the hacker for $5 mln, which funds are not specified.

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