Blockchain node provider Ankr unveils details of its recent attack, shares compensation plan
The attacker injected a malicious code to compromise Ankr's private key once a legitimate update was made. The team claims that it is collaborating with law enforcement agencies and will bring the attacker to justice.
Ankr engineers immediately alerted all on- and off-ramps about the emergency measures and updated the smart contracts to ensure that no further tampering could happen. Then, the team found all affected users and airdropped a purpose-made ankrBNB compensation token to them.Compensation ankrBNB was transferred to affected aBNBc or aBNBb token holders. Also, the team fixed the damage to Helio staking platform and stabilized the price of HAY token.
The Ankr team is also creating a new internal security measures protocol: all access rights will be reviewed for those working with Ankr. Also, Ankr representatives will implement new monitoring and notifications systems for its clients and community. Finally, the team is going to reconsider the standards of interaction between Ankr and third-party DeFi protocols.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What blockchain analysis can and can't do to find FTX's missing funds: Blockchain.com CEOBlockchain.com CEO Peter Smith said on-chain analysis can only reveal how much crypto users sent to FTX, not what the company spent it on.
Read more »
Binance Launches Blockchain Education Program in Kazakhstan – Blockchain Bitcoin NewsCryptocurrency exchange Binance is behind an initiative to qualify university students in Kazakhstan to work in the industry.
Read more »
DeFi Protocol Ankr Says Ex-Employee Caused $5M ExploitDeFi protocol ankr has revealed that a former team member caused the $5 million exploit earlier this month. Reporting by oknightcrypto
Read more »
Ankr says ex-employee caused $5M exploit, vows to improve securityAnkr says the Dec. 1 exploit was caused by a former team member; it hs pledged to use multisig authorization in the future.
Read more »
Metaverse-First Blockchain Lamina1 Launches Rolling Fund for Web3 BuildersLamina1, a metaverse-focused layer 1 blockchain dreamed up by author nealstephenson and blockchain expert Peter Vessenes, launches the Lamina1 Ecosystem Fund to help Web3 builders. RosiePerper reports:
Read more »
zkEVM could be the endgame for blockchain infrastructureZero-knowledge virtual machines have the potential to revolutionize the portability of smart contracts, removing crypto’s last barrier to mass adoption.
Read more »