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šŸ“‍ā˜ ļøAnkr Protocol Becomes Latest DeFi Exploit VictimšŸ“‍ā˜ ļø
DeFi hackers have been busy while all attention is focused on SBF’s interviews. Ankr Procotol has reported an exploit on its platform.
December 02, 2022
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DeFiĀ hackers have been busy while all attention is focused on Sam Bankman-Fried’s interviews. Ankr Procotol has reported an exploit on its platform.

Details are thin on the ground at the moment, but there has been a sizable exploit on Ankr Protocol. On Dec. 2, the development team reported that its aBNB token had been exploited. It added that it was working with exchanges to halt trading.

Ankr also stated that all underlying assets on Ankr Staking were safe at this time, and all infrastructure services were unaffected.

Ankr is a web3 infrastructure provider for theĀ BNB Chain ecosystem. It is a cloud computing platform that distributes idle computing power. Its native ANKR token can be mined by contributing computing power to the network. It also offers a variety of staking and yield-earning options onĀ BEP-20Ā tokens.

Ankr Unlimited Minting Bug

BlockchainĀ securityĀ firm PeckShield reported that the smart contract for the aBNBc token had an unlimited mint bug.

Furthermore, itĀ reportedĀ that the Ankr exploiter had transferred 900 BNB worth around $253,000 into Tornado Cash. It had also bridged USDC and ETH toĀ Ethereum, adding that the exploiter currently holds 3,000 ETH (around $3.8 million) and 500,000 USDC.

The hacker currently holds 20 trillion aBNBc, becoming the 13th largest holder of the token. aBNBc is a staking reward token otherwise known as Ankr Reward Bearing Staked BNB.

PeckShield also reported that copycat exploits were occurring as others took advantage of the vulnerability.

The losses have yet to be fully realized, but they’re likely to be in the millions of dollars. Early estimates are around $5 million gained by hackers from washing tokens through various bridges and DEXes.

Furthermore, BeInCryptoĀ reportedĀ in October that BNB Chain was at the top of theĀ crypto scamĀ and rug pull list.

ANKR and BNB Prices Slide

Ankr’s native token of the same name lost just 6.6% at the time of the exploit, according toĀ CoinGecko. ANKR fell to $0.0211 but has since managed to recover to $0.0213 at the time of press. The token is already 90% down from its April 2021 all-time high of $0.213.

The Binance BNB token dropped 3.1% on the day in a fall to $288. However, this is in line with a wider crypto market decline today, as most digital assets are in the red at the moment.

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OP: Vandell33

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Did China Issue A Warning About 3I/Atlas?
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New Human Force
Join this Now! YOU have what it takes!

They are in our solar system, and in our event-stream in this Eternal Now.

Officialdom is clueless.

They think we are going to be at WAR with the Aliens.

Officialdom is very stupid.

Aliens is here. It’s not WAR. It’s Contention.

There is a difference.

Officialdom is clueless, still living in the last Millennium.

Aliens is here.

The Field in which we contend is This Eternal Now.

ALL HUMANS LIVE HERE, and ONLY HERE, in this

ETERNAL NOW.

It’s a Field of potentials, of pending Manifestation, this continuous event-stream of karma in which we have always lived our body’s Life.

This Eternal Now has always been our body’s Field of Contention.

The Aliens is here, in our Eternal Now.

Our common, shared, reality that we all continuously co-create now has Aliens.

It’s getting very complex in here.

Officialdom is clueless. They see the Aliens. They are freaking out. They think you are children, when it is their small minds, trapped in a reality that is only grit, mud, and ā€˜random chance’ who are childish.

Officialdom is stupid. They will and are reacting badly. As is their way, they are trying to hide shit from you. Silly grit bound minds don’t realize you can see everything from within the Eternal Now. They have yet to grasp that what they perceive as this Matterium, filled with ā€˜matter’, is but a hardening of our previous (past) internal states of being.

WAR happens in the Matterium.

Contention occurs within this Eternal Now where Consciousness shapes the manifesting event-stream.

YOU know this to be fact. You are a co-creator.

Contention with Aliens is happening in this instant in this Eternal Now.

Officialdom ain’t doing shit. They are still stuck in trying to move matter around to affect unfolding circumstances. That’s redoing the mirror trying to affect the reflection. Dumb fucks….

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Come, join with us. It’s going to be a hellacious Contention.

We ARE the NEW HUMANS!

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Consume Neville Goddard videos as though all of human existence depended on YOUR mind and YOUR active, effective, imaginings!

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

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The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, ā€œThe Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.ā€

The data includes Real GDP and the PCE Price Index,Ā which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data šŸ‘‰will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) or visit https://www.paypal.me/thedinarian

šŸ”— Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
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