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NewsAnkr Plans to Reissue $ankrBNB to $aBNBc Holders Before Exploit, and Purchase $5M Worth of $BNB to Compensate LPs

Ankr Plans to Reissue $ankrBNB to $aBNBc Holders Before Exploit, and Purchase $5M Worth of $BNB to Compensate LPs

Dec 02,2022,11:03

Ankr released an update on Twitter regarding its exploit, saying the team has assessed the damage and it is $5M worth of $BNB from the liquidity pools. Ankr proposed the following to address the situation:

Ankr will take a snapshot and reissue $ankrBNB to all valid $aBNBc holders before the exploit. $ankrBNB will be redeemable, while $aBNBc and $aBNBb will no longer be redeemable;

In addition, Ankr will purchase $5m worth of $BNB and use it to compensate the liquidity providers that have been affected by the exploit due to the drainage of the liquidity pool.

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