BNB
by BSC News
December 13, 2022
With support from the industry, Ankr Protocol is climbing back from the Dec. 1 $15 million hack. Check your wallet for an $ankrBNB airdrop!
The healing process has begun, following the $15 million exploit of Ankr Protocol.
On Dec. 12, the Web3 infrastructure project announced it had completed two airdrops of ankrBNB and BNB tokens to users of several platforms and Decentralized Exchanges (DEXes).
On Dec. 9, Ankr announced ankrBNB airdrop plans for users of other protocols as well.
The hacker exploited an unlimited mint bug in the aBNBc code, managing to use the ill-gotten aBNBc to borrow 16 million $HAY that were sold for $15.5 million BUSD on 1inch.
Ankr and HAY-maker Helio Protocol have been working together to recover from the attack, with Helio covering the $15 million in bad debt and Ankr paying it back over time by purchasing $HAY.
According to DefiLlama, the Total Value Locked (TVL) on Ankr has rebounded to surpass $170 million, putting it back on par with pre-hack levels, after which TVL plummeted to below $71 million as staking pools were locked.
Ankr is a decentralized Web3 infrastructure for a better Web3 world. The protocol provides the most powerful multi-chain toolkit to access blockchain infrastructure, earn yields, and integrate DeFi solutions.
Helio Protocol is a decentralized over-collateralized lending and liquid staking platform on BNB chain. HAY is the protocol’s native destablecoin over-collateralized by BNB and is redeemable for US $1 worth of BNB. Its use cases include borrowing HAY at a collateral ratio ~152% (~66% LTV) by depositing BNB as collateral on the protocol, liquidity mining on LP DEXes, a means of payment to transfer value for goods & services.
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Ankr is a decentralized Web3 infrastructure for a better Web3 world. The protocol provides the most powerful multi-chain toolkit to access blockchain infrastructure, earn yields, and integrate DeFi solutions.
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