Hacker Exploits BNB Chain-Based DeFi Protocol Ankr

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Hacker Exploits BNB Chain-Based DeFi Protocol Ankr
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.cz_binance says that it hasn’t been affected by the exploit

According to blockchain security firm PeckShield, the aBNBc token contract has an unlimited mint bug.The attacker has already transferred some of the stolen funds to Tornado Cash, a decentralized cryptocurrency tumbler. A portion of the ill-gotten crypto has been bridged via Celer and deBridgeGate, PeckShield says.

As per Lookonchain, an on-chain analytics firm, the hacker has already made off with roughly $10 million worth of USD Coin tokens. Ankr's liquid staking feature allowed users to deposit BNB tokens to obtain their wrapped version. The protocol functions as a cloud computing platform Binance has already addressed the hack, claiming that it is currently working with relevant parties in order to investigate the incident. The exchange has assured its users that their funds are safe.

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