BNB Chain-Based Defi Protocol Ankr Suffers Major Exploit

BNB Chain-Based Defi Protocol Ankr Suffers Major Exploit

Decentralized Web3 infrastructure provider Ankr has become the latest victim of a hacking attack targeting the defi space. The perpetrators who hit the platform were able to mint and steal a massive amount of tokens in a multimillion-dollar exploit.
Defi Protocol Ankr Hit by Unlimited Mint Bug Exploit Worth Millions
Ankr, a decentralized finance (defi) protocol based on Binance’s BNB 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.
— Ank

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