Ankr Plans To Reissue aBNBc And Compensate Users

The Ankr workforce has revealed additional directions on its response to the latest Ankr protocol hack. Ankr plans to reissue Ankr Reward Bearing Staked BNB (aBNBc) tokens and compensate customers affected by the hack. Meanwhile, crypto exchange Binance introduced pausing withdrawals of affected crypto tokens and freezing tokens moved to the change by exploiters.

Ankr Announces Plan to Reissue aBNBc Tokens

After instantly notifying the crypto neighborhood concerning the hack of its aBNBc tokens, the Ankr workforce began working with exchanges to right away droop buying and selling. Moreover, the workforce confirmed that every one underlying belongings on Ankr Staking are secure and infrastructure providers stay unaffected.

In the newest set of directions shared by the Ankr workforce, it recommends customers keep away from buying and selling the affected tokens. It requested liquidity suppliers to take away liquidity from decentralized exchanges and preserve the aBNBc tokens.

Ankr plans to reissue the Ankr Reward Bearing Staked BNB (aBNBc) tokens after assessing the state of affairs. The workforce has been in touch with the decentralized exchanges and advised blocking buying and selling.

“We have been in touch with the DEXes and told them to block trading. We will reissue tokens in the future after we assess the situation. We are currently drafting a plan and we are committed to compensating affected users.”

Binance Conducts Probe On the Hack

Binance workforce performed a probe on the hack of BNB Chain-based DeFi protocol Ankr. Also, Binance CEO Changpeng “CZ” Zhao revealed how a developer’s leaked personal key led the hacker to vary the smart contract to a susceptible contract handle.

In response to the Ankr hack, Binance CEO Changpeng “CZ” Zhao introduced that the crypto change has already stopped withdrawals of affected crypto tokens. In addition, he revealed that Binance has additionally frozen nearly $3 million price of crypto belongings that hackers moved to the crypto change.

“The original smart contract seems to be ok, but once a hacker gets hold of the dev private key, they updated the smart contract.”‘

Also Read: How Exploiters Made Profit On The Ankr Exploit

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his data about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is presently masking all the newest updates and developments within the crypto trade.

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