BNB Chain-based defi protocol Ankr hit by exploit.
Chain, has been exploited by a hacker who apparently used an unlimited minting bug. On-chain analysts broke the news on social media and the attack, which occurred on Dec. 1, was confirmed by Ankr.
On Friday, the Web3 infrastructure provider admitted on Twitter that its aBNB token had been exploited and announced it’s working with exchanges to suspend trading. In a follow-up tweet, it also insisted that all underlying assets on Ankr Staking are safe and infrastructure services unaffected. Our aBNB token has been exploited, and we are currently working with exchanges to immediately halt trading.Initial reports by blockchain security company Peckshield revealed the unknown attacker had been able to mint and dispose of approximately 10 trillion aBNB. It also found that some of the stolen funds had been transferred to the Tornado Cash mixer. A portion was bridged through Celer and Debridgegate to ethereum.
On-chain analysis firm Lookonchain said the exploiter minted 20 trillion tokens and dumped them on Pancakeswap, obtaining at least $5 million in the stablecoin USDC. The price of the Ankr reward-bearing stakedPeckshield explained that a smart contract for the aBNBc token had an unlimited mint bug which the hacker took advantage of. Another report suggested the attacker had managed to gain access to the Ankr deployer key.
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