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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 Ankr Procotol has reported an exploit on its platform. Details are thin on the ground at the moment, but there has been a sizable exploit on Ankr Protocol. On Dec. 2, the Another multi-million dollar hack has hit the decentralized finance space. The latest victim is BNB Chain-based DeFi protocol – Ankr. Initial reports suggest that a BNB Chain-based decentralized finance (DeFi) protocol Ankr has confirmed it has been hit by a multi-million dollar exploit on Dec. 1. The attack appeared to be first The BNB Chain-based decentralized finance (DeFi) protocol Ankr has confirmed it has been hit by a multi-million dollar exploit on Dec. 1. The attacker was Per on-chain data, the attacker was able to mint 20 trillion Ankr Reward Bearing Staked BNB (aBNBc). The said token, as such, is reward-enduring token for BNB

Ankr Hacked: BNB Chain DeFi Protocol Exploited, Minting 20T Tokens

The decentralized finance (DeFi) space has suffered another blow with a multi-million dollar exploit hitting BNB Chain-based DeFi protocol Ankr. Decentralized Web3 infrastructure provider Ankr has become the latest victim of a hacking attack. Ankr Protocol has reported an exploit on its platform, confirming it was hit by a multi-million dollar exploit on Dec. 1. Details are still emerging, but initial reports suggest a significant security breach.

The attacker, per on-chain data, was able to mint a staggering 20 trillion Ankr Reward Bearing Staked BNB (aBNBc). This token is a reward-bearing token for BNB. The perpetrators were able to exploit a vulnerability allowing the minting of this massive amount of tokens.

This Ankr hack underscores the persistent security challenges within the DeFi ecosystem. The BNB Chain-based decentralized finance (DeFi) protocol Ankr has confirmed the incident, and investigations are underway. Stay tuned for further updates as the situation unfolds.

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