DeFi Protocol Ankr Says Ex-Employee Caused $5M Exploit

Singapore News News

DeFi Protocol Ankr Says Ex-Employee Caused $5M Exploit
Singapore Latest News,Singapore Headlines
  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

DeFi protocol ankr has revealed that a former team member caused the $5 million exploit earlier this month. Reporting by oknightcrypto

) before sending the ill-gotten gains to crypto mixer Tornado Cash. They eventually managed to swap the BNB tokens for 5 million USDC.

"We are in the process of working with law enforcement to prosecute the former team member and bring them to justice," Ankr said in the statement. Following the exploit, Ankr reimbursed impacted aBNBc or aBNBb token holders by airdropping ankrBNB and also airdropped BNB to all affected DeFi liquidity providers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase CEO: Regulate centralized actors but leave DeFi aloneCoinbase CEO: Regulate centralized actors but leave DeFi aloneCoinbase CEO Brian Armstrong has called on regulators to implement stricter regulations for centralized exchanges and custodians but said that decentralized protocols should be left alone because transparency is already built into smart contracts.
Read more »

Global DeFi adoption happening soon: Interview with UNO.farm founder Roman VinogradovGlobal DeFi adoption happening soon: Interview with UNO.farm founder Roman VinogradovRoman Vinogradov from uno_farm shares his views on the DeFi space in the latest Cointelegraph interview [Cointelegraph Acceleration]
Read more »

Fluidity Spend-to-Earn DeFi Goes Live on EthereumFluidity Spend-to-Earn DeFi Goes Live on EthereumFluidity, new-gen blockchain incentive layer designed for community campaigns, shares details of its mainnet launch
Read more »

CME Group, CF Benchmarks launch new DeFi reference rates for Aave, Curve and SynthetixCME Group, CF Benchmarks launch new DeFi reference rates for Aave, Curve and SynthetixCME Group and CF Benchmark launched reference rates and real-time indices for Aave, Synthetix, and Curve.
Read more »

DeFi, NFT, blockchain games: Key takeaways from DappRadar's 2022 reviewDeFi, NFT, blockchain games: Key takeaways from DappRadar's 2022 reviewDappRadar's 2022 review highlights NFT and blockchain games as stand-out performers in a tough year for the cryptocurrency and blockchain ecosystem.
Read more »



Render Time: 2025-03-13 00:08:49