Author: Milko Trajcevski

Quick Summary The BNB Chain-based Decentralized Finance (DeFi) protocol known as Ankr was exploited. Around 20 trillion Ankr Reward Bearing Staked BNB (aBNBc) were minted with over 5 million USDC exchanged. PeckShield’s analysis revealed the aBNBc token contract had an “unlimited bug.” According to on-chain data, an attacker exploited the Ankr Protocol and was able to mint trillion Ankr Reward Bearing Staked BNB (aBNBc). The exploiter managed to exchange more than 5 million in USD Coin (USDC). Ankr officially confirmed this exploit occurred on December 2, 2022. Our aBNB token has been exploited, and we are currently working with exchanges…

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