Decentralized finance projects on the BNB Chain network remain popular targets for hackers. During the hacking of the Anrk protocol, the attackers issued 20 trillion aBNBc tokens.
The aBNBc token name stands for Ankr Reward Bearing Staked BNB – users receive these tokens for staking BNB coins in the protocol. The hacker has already exchanged some of the funds received using the Uniswap decentralized exchange, the Tornado Cash mixer, and various inter-network bridges. He received about 5 million USDC.
So far, there are few details about the hack. Apparently, the hacker either exploited a critical vulnerability in the Ankr smart contract or gained access to the private keys of the protocol administrators. Ankr Developers reportedthat are working with various platforms and exchanges to suspend trading with aBNB tokens.
Amid the hack, the aBNBc token price plummeted by 99.5%. Another hacker took advantage of this. He exchanged 10 BNB for 183,384.92 aBNBc, then exchanged them for hBNB tokens and transferred them to the Helio protocol. Here he received a loan in BHAY0 stablecoins for $16 million and exchanged the tokens for HAY0. As a result, he made a significant profit, and the rate of the stablecoin HAY fell to $0.2.
In early November, the Rubic bridge team lost $1.2 million in assets when a hacker gained access to admin keys.
Source: Bits
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