Dec 5, 2022
5 min read
Will the Ankr Protocol (ANKR) collapse?
The Ankr Protocol (ANKR) is the latest victim of hackers. Hackers stole six six quadrillion aBNBc synthetic assets worth $5 million from Ankr, CoinDesk alleges.
The aBNBc is a synthetic asset which contains a Binance (BNB) token. The hacker scould to convert the BNB into USD Coin (USDC) stablecoins which they can sell or spend, CoinDesk alleges.
Consequently, Ankr had to reimburse the holders of the stolen aBNBc. Additionally, Ankr has had to stop issuing two synthetic assets, aBNBc and aBNBc because of vulnerability to hacking.
