Update on our aBNB Token Exploit:
We are grateful to our community of DEXs, exchanges, and protocols that all helped us end the exploit quickly.
We will use reserves to compensate liquidity providers for the aBNBc pools.
ankr.com/blog/the-abnbc…
We are grateful to our community of DEXs, exchanges, and protocols that all helped us end the exploit quickly.
We will use reserves to compensate liquidity providers for the aBNBc pools.
ankr.com/blog/the-abnbc…
2/ Ankr team is working with our partners @WombexFinance, @staderlabs, @izumi_Finance, @Ellipsisfi, @beefyfinance, @ape_swap, @QuollFinance, @KalmyAPP & @MidasCapitalxyz on achieving an agreement to resolve this.
3/ ❗️All staked assets on @ankrstaking are secure, and all infrastructure services were unaffected.
4/ A hacker was able to compromise a deployer’s private key after the Ankr team carried out an upgrade (pending law enforcement investigation).
The attacker used the deployer keys to modify the smart contract that allowed for unlimited minting of aBNBc.
The attacker used the deployer keys to modify the smart contract that allowed for unlimited minting of aBNBc.
5/ They immediately began using DEXs to trade through LPs. Ultimately draining ~$5m USD.
We promptly responded with the help of many DEXs that halted the trading of the aBNB tokens immediately upon discovering the breach.
We promptly responded with the help of many DEXs that halted the trading of the aBNB tokens immediately upon discovering the breach.
6/ The only users at risk were liquidity providers. We have started creating a list of the ones affected to make sure that we fully compensate them.
7/ We understand diluted aBNBc was speculatively traded after the exploit occurred, but we are only able to compensate LP’s caught off guard by the event.
8/ Dozens of protocols, customers, and community members offered to help and support. Thank you! 🙏🫡 #wagmi
💙 Ankr Team
💙 Ankr Team
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