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    Diksha D Jadhav in Crypto News

    03-Dec-2022 11:10 AM


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    Trader allegedly saw over 5,000x gains after Ankr protocol hack

    When the BNB Chain-based protocol Ankr was exploited and a hacker dumped Ankr Reward Bearing Staked BNB (aBNBc) tokens, a trader took advantage of the price discrepancies and turned $2,879 into $15.5 million.
    As this happened, a trader reacted quickly and took advantage of an opportunity.
    At present, the protocol has suspended all its functions and asked HAY holders to refrain from any transactions.
    The platform promised that it will assess the situation and compensate affected users.
    We will reissue tokens in the future after we assess the situation.
    Source: Cointelegraph