• Binance said it is assisting in the investigation of the attack on tokens offered by Anker Protocol
Changpeng Zhao, chief executive officer (CEO) of top crypto exchange Binance, said on Friday that the cryptocurrency exchange has halted withdrawals following possible attacks on Web3 operators Anker and He. The exchange also froze around $3 million that was sent to the exchange by the hackers.
“Possible hack on Ankr and Hay. Preliminary analysis is that the developer private key was hacked, and the hacker updated the smart contract with a more malicious one. Binance halted withdrawals a few hours ago. Also approx Freezed the $3m that hackers moved to our CEX," he tweeted.
Possible hack on Anker and Hey. Preliminary analysis is that the developer private key was hacked, and the hacker updated the smart contract with a more malicious one. Binance stopped withdrawals a few hours ago. Also stopped about $3m that hackers move into our CEX.
— CZ 🔶 Binance (@cz_binance) December 2, 2022
The ABNBc token derived its value partly from its link to Binance Coin and was intended to provide returns to holders of the latter. According to its website, approximately $123 million in assets have been deposited on Anker Protocol. Anker said it is working with exchanges to stop trading of the affected coins.
DeFi protocol Anker, which calls itself the first 'node-as-a-service' platform, has suffered multimillion-dollar losses due to a bug in its code, CoinDesk reports.
Blockchain security specialist PeckShield Inc said on Twitter that the attacker may have exploited a software bug to create large amounts of the tokens before running off to convert them into other coins to make away with Digital Swag.
According to blockchain specialist Chainalysis, more than $3 billion has been hacked from the crypto sector so far in 2022, which is surely a record year for exploits involving digital assets.
The attacks add to a year-long plunge in bitcoin and other cryptocurrencies as well as a crisis exacerbated by high-profile blowups at crypto firms such as the FTX exchange.
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