Ankr hacked, minted “infinite” token pegged to BNB

Ankr, which presents the node infrastructure for Proof-of-Stake blockchains, has been hacked and hackers are massively “downloading” BNB.

Ankr hacked, mints “infinite” token pegged to BNB

After the alarm of the chain ‘police’ nansen And peckshield, the Ankr protocol appears to have a safety dilemma. Someone has to mint 10 billion aBNBc dropping this symbolic selling price by practically one hundred%.

aBNBc is Ankr’s staking item, which has an practically “infinite” provide and is pegged to BNB. The hacker then transferred the stolen funds to the Tornado Cash mixer, working with a bridge Celer and debrideGate to transfer assets to Ethereum.

In unique, hackers transferred 900 BNB (~253,000 USD) to Tornado Cash, bridged USDC and ETH to Ethereum. one inch is exactly where hackers use to check with one ETH initially.

The attacker now holds three,000 ETH (~$three.8M), 500,000 USDC, 19,999,999,972,926 aBNBc and gets the 13th greatest aBNBc holder.

A couple of minutes in the past, it appeared that the hacker was continuing the 2nd batch of “huge” mints.

On the undertaking side, it quickly notified and is coordinating with exchanges to deal with the problem.

BNB is struggling the exact same fate as Ankr, correcting sharply to 286.six and trading about USD 288.one.

15 million chart of the BNB/USDT pair on the Binance exchange at ten:00 am December two, 2022

The node that presents the node infrastructure for past Proof-of-Stake blockchains also suffered a DNS assault in July, affecting Polygon and Fantom.

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