UPDATE: ankr said it will reimburse the users impacted by the $5 million exploit that occurred on its platform earlier on Friday.
On-chain analyst firm Lookonchain reported
that one opportunistic trader was able to cash in on the exploit and turn 10 BNB into 15.5 million BUSD. The trader did this by taking advantage of DeFi lending protocol Helio, which did not have up-to-date pricing on aBNBc post-crash. The trader was also able to use the pre-crash pricing for aBNBc to borrow $16 million of the little-traded HAY stablecoin and convert that into BUSD. Since then, the HAY stablecoin has been tossed off its peg, hitting a low of 20 cents, and is now recovering, according to CoinMarketCap,
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