Ankr Official Announcements

2022-12-06 22:31:41 An update regarding Ankr’s aBNBc exploit.

For users concerned about Helio Money’s situation:

Helio will cover $15M estimated bad debt resulting from the aBNBc exploit.

Ankr will acquire $HAY over time on the market using the $15M recovery fund while collaborating with Helio to participate in the repayment of the bad debt.

Ankr will work closely with Helio Protocol to re-build its ecosystem following this incident

We will mint ankrBNB in line with the aBNBc and aBNBb token holders snapshot as of December 2nd, 2022 12:43:18 AM +UTC - Block number: 23545403).

Ankr is deploying a $15m fund to compensate DeFi BNB liquidity providers, BNB lenders, and HAY users affected by the aBNBc exploit.

Users that redeemed aBNBc & aBNBb before the exploit will receive BNB through airdrop.

Users that requested to redeem aBNBc & aBNBb after the exploit have been blocked and canceled. ankrBNB redemption requests will be required after receiving the airdrop.

We will mint ankrBNB and airdrop it to all aBNBc and aBNBb token holders (wallet only, not including smart contracts holding these tokens).

We will airdrop ankrBNB to all liquid staking users who held either token through smart contracts at the time of the snapshot.

We are still working in progress with the following Defi protocols to make the community whole. Will share once we have an update

@WombatExchange
@PancakeSwap
@pStakeFinance
@stader_bnb
@Ellipsisfi
@ape_swap
@MidasCapitalxyz
@KalmyAPP
@magpiexyz_io
@WombexFinance
@QuollFinance
@beefyfinance
@izumi_Finance


We have received reports about ankrBNB and new aBNB tokens & pools from 3rd party communities.

Please note that ankrBNB has NOT been distributed yet, and all current pools out there are SCAMS such as “New/v2 aBNB/aBNBc888”

Thank you to our fantastic community for your support!

The Ankr team is working 24/7 to compensate users asap #wagmi Open / Comment

2022-12-06 16:39:37 Important Announcement

We have received reports on ankrBNB and new aBNB tokens & pools from 3rd party communities.
Please note that ankrBNB has NOT been distributed yet, and all current pools out there are SCAMS.
"New/v2 aBNB/aBNBc888 tokens and pools are also SCAMS

We will release an announcement as soon as we release the new ankrBNB token.

Always refer to our official announcements shared via our official channels:
linktr.ee/ankrofficial Open / Comment

2022-12-06 01:36:04 Our new token, ankrBNB, is going to replace aBNBc and aBNBb, to become the sole BNB-based liquid asset available from Ankr.

The new token will be reward bearing and the reward earning concept will be retired for BNB as a result.

Our new token model ensures users can start using Ankr Staking easily and efficiently by removing reward-earning tokens that are still not supported across many DeFi platforms.

Read all about it here:
https://www.ankr.com/blog/ankr-announces-token-model-change-for-all-reward-bearing-and-earning-tokens/ Open / Comment

2022-12-04 23:22:31 Report on halted trading: reasons and in-depth technical explanation:
DEX’s themselves very often do not have the ability to stop tradability, which is why Ankr recommended liquidity providers remove liquidity from the liquidity pools.

We are absolutely not following a LUNA approach. aBNBc and aBNBb will be worthless with 100% certainty after the airdrop of the new ankrBNB token.

ankrBNB will be the only token redeemable against staked BNB (which have been unaffected by the exploit).

We recommended anyone providing liquidity removed it, in order to avoid speculative trading, since DEX’s cannot generally block the ability to trade. Ankr also cannot block speculative trading as we cannot control other defi protocols.

Why did selling stop but buying continued?
Because there was no more BNB in LPs to sell aBNBb and aBNBc.

It was drained out by the exploiter, who had an unlimited amount of aBNBc that he sold on DEX’s vs BNB until drying out completely the liquidity pools (=0% BNB/100% aBNBc in the LPs)

The only exit then available to the exploiter was to sell aBNBc vs BNB on DEX’s since we blocked unstaking.

DEX’s cannot be blocked and even if it was possible, it would have been too late to block it manually by the DEX team due to how DeFi protocols are run.

Why didn’t we simply change the contract to prevent buying and selling?
Because the contract was already compromised and any changes we made could be undone or altered by the malicious actor.

To take a more secure approach to prevent any further damage that could cover several leakage points we did a one shot replace with the original contract and took preventive measures so it wouldn't be reverted again. Open / Comment

2022-12-03 20:43:05 Ankr Official Announcements:
We understand diluted aBNBc was speculatively traded after the exploit occurred, but we are only able to compensate LP’s caught off guard by the event.

Regarding individual users, we will only compensate users that were holding aBNBc/aBNBb before the exploit took place as this is the correct time to take the snapshot.

We remain at your disposal for any further questions or/and doubts.

Read our latest explanatory article for an in-depth explanation on compensations and security updates:
https://www.ankr.com/blog/the-abnbc-token-report/ Open / Comment

2022-12-02 13:25:15 The team at Ankr has assessed the damage and it is estimated to be 5m usd worth of BNB from the liquidity pools

We are currently working hard to resolve this issue efficiently and we would like to propose the following to address the current situation:

We will take a snapshot and reissue ankrBNB to all valid aBNBc holders before the exploit.
The ankrBNB token will continue to be redeemable, while aBNBc and aBNBb will no longer be redeemable.

Additionally, Ankr will purchase 5m worth of BNB and use this to compensate in totality the liquidity providers that have been affected by the exploit due to the drainage of the liquidity pool.

Ankr understands the concern this has created within the community and will continue working to mitigate the situation and has already taken the necessary ssteps to prevent future similar incidents. Open / Comment

2022-12-02 11:52:32 Our aBNB token has been exploited, and we are currently working with exchanges to immediately halt trading.

All underlying assets on Ankr Staking are safe at this time, and all infrastructure services are unaffected.

Further instructions from the Ankr team:
1. Do not trade
2. Remove liquidity from DEXes if you are a liquidity provider (and keep the aBNBc)
3. Snapshot will be done and wait for additional news
4. Will do a reissuance of aBNBc

Additional details:
We have been in touch with the DEXes and told them to block trading. We will reissue tokens in the future after we assess the situation.

We are currently drafting a plan and we are committed to compensating affected users. Open / Comment

2022-12-01 19:16:32 We are introducing changes to all Reward Bearing and Earning Tokens token models.

This is a strategic decision that we believe will best serve our community of holders, stakers and liquidity providers

Discover our latest article about this change: https://www.ankr.com/blog/ankr-announces-token-model-change-for-all-reward-bearing-and-earning-tokens/ Open / Comment

2022-12-01 00:05:31 Ankr’s goal is to provide the best possible blockchain connection experience for our builders and users.

 Including an emphasis on best-in-class delivery as well as protecting user privacy

Read our latest blog article to understand Ankr’s IP Address Policy & Your Privacy
https://www.ankr.com/blog/ankrs-ip-address-policy-and-your-privacy/ Open / Comment

2022-11-30 20:33:05 How to Query cryptocurrencies by using Ankr’s Advanced Token API

Learn how to fetch the list of cryptocurrencies launched on a particular Blockchain using Ankr’s Token API

https://ankr.hashnode.dev/fetch-the-list-of-cryptocurrencies-launched-on-a-particular-blockchain-using-ankrs-token-api Open / Comment