Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Ankr reveals ‘former team member’ carried out hack on protocol in early December

Altszn.com by Altszn.com
December 21, 2022
in Blockchain
0
Ankr reveals ‘former team member’ carried out hack on protocol in early December
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


Haru Invest

Ankr Protocol (ANKR) revealed that a former team member carried out the Dec. 2 hack that led to a loss of around $5 million, according to a Dec. 20 statement.

Ankr wrote that the former team member carried out the hack by using malicious code that compromised its private key when a legitimate update was made.

The hacker exploited a bug in Ankr Protocol’s code to mint six quadrillion aBNBc tokens and converted part of it into $5 million USDC  — Binance seized $3 million of the converted stolen funds. Blockchain analytical firms said at the time that a private key compromise caused the hack.

Ankr said it has reported the former team member to law enforcement agencies and added:

“[We are] shoring up internal HR processes and safety measures to strengthen our security posture going forward.”

Meanwhile, all Ankr employees will now be subjected to background checks, and access to sensitive systems will be restricted. Additionally, Ankr said it will implement multi-sig authentication for updates to prevent a recurrence of such hacks.

Ankr reimbursed affected parties

Ankr said it took measures to compensate users, liquidity providers, and lenders affected by the exploit.

According to the firm, it created a new ankrBNB token that was later airdropped to affected holders. It added that it was working to fix the damage to Helio (aBNBc borrowing platform) by re-stabilizing the price of the HAY stablecoin.

Following the exploit, HAY stablecoin depegged because a trader profited $15 million from the situation. The trader borrowed around $16 million HAY stablecoin from its pool against 10 BNB because the platform had failed to update the price of Ankr-related tokens.

Ankr said it would continue purchasing the HAY stablecoin until it returns to peg. As of press time, the stablecoin was trading for $0.998143.

Read Our Latest Market Report



Read More: cryptoslate.com

Tags: AnkrBlockchaincarriedDecemberearlyHackmemberProtocolRevealsTeam
ADVERTISEMENT

Recent

Crypto scam hub expose stunt goes viral, Kakao detects 70K scam apps: Asia Express

Crypto scam hub expose stunt goes viral, Kakao detects 70K scam apps: Asia Express

May 22, 2025
Cetus Hacker Buys $60 Million of ETH After Looting $223 Million

Cetus Hacker Buys $60 Million of ETH After Looting $223 Million

May 22, 2025
Sui validators freeze majority of stolen funds in $220M Cetus hack

Sui validators freeze majority of stolen funds in $220M Cetus hack

May 22, 2025

Categories

  • Bitcoin (4,705)
  • Blockchain (11,130)
  • Crypto (9,068)
  • Dark Web (505)
  • DeFi (8,259)
  • Ethereum (4,748)
  • Metaverse (7,207)
  • Monero (270)
  • NFT (1,307)
  • Solana (4,983)
  • Web3 (20,327)
  • Zcash (491)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Crypto scam hub expose stunt goes viral, Kakao detects 70K scam apps: Asia Express

    Crypto scam hub expose stunt goes viral, Kakao detects 70K scam apps: Asia Express

    May 22, 2025
    Cetus Hacker Buys $60 Million of ETH After Looting $223 Million

    Cetus Hacker Buys $60 Million of ETH After Looting $223 Million

    May 22, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 111,262.00
    • ethereumEthereum (ETH) $ 2,648.24
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.42
    • bnbBNB (BNB) $ 685.42
    • solanaSolana (SOL) $ 179.14
    • usd-coinUSDC (USDC) $ 0.999773
    • dogecoinDogecoin (DOGE) $ 0.242702
    • cardanoCardano (ADA) $ 0.804506
    • tronTRON (TRX) $ 0.274228
    • staked-etherLido Staked Ether (STETH) $ 2,641.80
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,895.00
    • suiSui (SUI) $ 3.85
    • hyperliquidHyperliquid (HYPE) $ 33.04
    • wrapped-stethWrapped stETH (WSTETH) $ 3,182.47
    • chainlinkChainlink (LINK) $ 16.68
    • avalanche-2Avalanche (AVAX) $ 24.98
    • stellarStellar (XLM) $ 0.302926
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • bitcoin-cashBitcoin Cash (BCH) $ 443.19
    • hedera-hashgraphHedera (HBAR) $ 0.203813
    • leo-tokenLEO Token (LEO) $ 8.91
    • the-open-networkToncoin (TON) $ 3.17
    • litecoinLitecoin (LTC) $ 100.30
    • polkadotPolkadot (DOT) $ 4.93
    • wethWETH (WETH) $ 2,650.87
    • moneroMonero (XMR) $ 389.13
    • usdsUSDS (USDS) $ 0.999681
    • wrapped-eethWrapped eETH (WEETH) $ 2,822.30
    • pepePepe (PEPE) $ 0.000015
    • bitget-tokenBitget Token (BGB) $ 5.24
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • pi-networkPi Network (PI) $ 0.826388
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 111,196.00
    • whitebitWhiteBIT Coin (WBT) $ 31.79
    • bittensorBittensor (TAO) $ 463.68
    • aaveAave (AAVE) $ 254.64
    • uniswapUniswap (UNI) $ 6.39
    • nearNEAR Protocol (NEAR) $ 3.06
    • daiDai (DAI) $ 0.999838
    • aptosAptos (APT) $ 5.67
    • jito-staked-solJito Staked SOL (JITOSOL) $ 215.59
    • ondo-financeOndo (ONDO) $ 1.01
    • okbOKB (OKB) $ 52.66
    • kaspaKaspa (KAS) $ 0.116826
    • internet-computerInternet Computer (ICP) $ 5.67
    • crypto-com-chainCronos (CRO) $ 0.100142
    • ethereum-classicEthereum Classic (ETC) $ 19.61
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bitcoinBitcoin (BTC) $ 111,262.00
    • ethereumEthereum (ETH) $ 2,648.24
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.42
    • bnbBNB (BNB) $ 685.42
    • solanaSolana (SOL) $ 179.14
    • usd-coinUSDC (USDC) $ 0.999773
    • dogecoinDogecoin (DOGE) $ 0.242702
    • cardanoCardano (ADA) $ 0.804506
    • tronTRON (TRX) $ 0.274228
    • staked-etherLido Staked Ether (STETH) $ 2,641.80
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 110,895.00
    • suiSui (SUI) $ 3.85
    • hyperliquidHyperliquid (HYPE) $ 33.04
    • wrapped-stethWrapped stETH (WSTETH) $ 3,182.47
    • chainlinkChainlink (LINK) $ 16.68
    • avalanche-2Avalanche (AVAX) $ 24.98
    • stellarStellar (XLM) $ 0.302926
    • shiba-inuShiba Inu (SHIB) $ 0.000015
    • bitcoin-cashBitcoin Cash (BCH) $ 443.19
    • hedera-hashgraphHedera (HBAR) $ 0.203813
    • leo-tokenLEO Token (LEO) $ 8.91
    • the-open-networkToncoin (TON) $ 3.17
    • litecoinLitecoin (LTC) $ 100.30
    • polkadotPolkadot (DOT) $ 4.93
    • wethWETH (WETH) $ 2,650.87
    • moneroMonero (XMR) $ 389.13
    • usdsUSDS (USDS) $ 0.999681
    • wrapped-eethWrapped eETH (WEETH) $ 2,822.30
    • pepePepe (PEPE) $ 0.000015
    • bitget-tokenBitget Token (BGB) $ 5.24
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • pi-networkPi Network (PI) $ 0.826388
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 111,196.00
    • whitebitWhiteBIT Coin (WBT) $ 31.79
    • bittensorBittensor (TAO) $ 463.68
    • aaveAave (AAVE) $ 254.64
    • uniswapUniswap (UNI) $ 6.39
    • nearNEAR Protocol (NEAR) $ 3.06
    • daiDai (DAI) $ 0.999838
    • aptosAptos (APT) $ 5.67
    • jito-staked-solJito Staked SOL (JITOSOL) $ 215.59
    • ondo-financeOndo (ONDO) $ 1.01
    • okbOKB (OKB) $ 52.66
    • kaspaKaspa (KAS) $ 0.116826
    • internet-computerInternet Computer (ICP) $ 5.67
    • crypto-com-chainCronos (CRO) $ 0.100142
    • ethereum-classicEthereum Classic (ETC) $ 19.61
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00