On Thursday, a BNB Chain-based decentralized finance protocol, Ankr, suffered a $5 million exploitation on its network.
Notably, the popular blockchain security firm Peckshield was the first to break the exploitation news. According to Peckshield, the exploiter minted 20 trillion Ankr reward-bearing staked BNB (aBNBc).
Shortly after, Lookonchain, an on-chain analysis firm, also announced the exploitation and said the exploiter dumped the minted 20 trillion aBNBc on PancakeSwap. Further, the analysis firm maintained that the exploiter had already exchanged the funds for more than $5 million worth of USD coins on Uniswap, Tornado Cash, and a host of others.
Later, Ankr itself confirmed the exploitation.
The DeFi protocol, however, assured its community of the safety of all underlying assets on its staking program. It also announced that the exploitation would not affect all its infrastructure services.
In a subsequent post, Ankr warned its users against trading on the network and asked liquidity providers among them to remove liquidity from DEXes. Furthermore, it promised to do a snapshot and provide users with the necessary information on the issue at the best possible…
