Ankr Plans to Reissue $ankrBNB to $aBNBc Holders Before Exploit, and Purchase $5M Worth of $BNB to Compensate LPs

Ankr released an update on Twitter regarding its exploit, saying the team has assessed the damage and it is $5M worth of $BNB from the liquidity pools. Ankr proposed the following to address the situation:

Ankr will take a snapshot and reissue $ankrBNB to all valid $aBNBc holders before the exploit. $ankrBNB will be redeemable, while $aBNBc and $aBNBb will no longer be redeemable;

In addition, Ankr will purchase $5m worth of $BNB and use it to compensate the liquidity providers that have been affected by the exploit due to the drainage of the liquidity pool.

Source

DeFi

Staking

BNB Chain

Security Incidents

In This Article

Related News
Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain Bybit hackers move over half the stolen ETH onto Bitcoin, largely using ThorChain
Foresight Ventures Pours Up to $25M into BNB Chain’s Incubation Alliance for 2025 Foresight Ventures Pours Up to $25M into BNB Chain’s Incubation Alliance for 2025
Stablecoin neobank Infini exploited for $49 million: security analysts Stablecoin neobank Infini exploited for $49 million: security analysts
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation NoOnes CEO Ray Youssef discloses $8 million exploit weeks after the fact, confirming crypto sleuth ZachXBT's investigation
Latest News More More
8 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
9 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open