Ankr exploit

As the BNB Chain-based protocol Ankr was exploited and the hacker dumped Ankr Reward Bearing Staked BNB (aBNBc) tokens, a trader took advantage of the price discrepancies to turn $2,879 into $15.5 million.  As previously reported by Cointelegraph, security firm Beosin suggested that the multi-million dollar exploit may have come from vulnerabilities in the smart contract code and compromised private keys due to a technical upgrade. Then, the hacker minted and dumped 20 trillion aBNBc tokens, significantly lowering the price of aBNBc. As this happened, a trader reacted quickly and took advantage of an opportunity. Going through on-chain data, analysis platform Lookonchain recently shared how a trader allegedly managed to gain $15.5 million by making their way through the Helio Protocol...