Blockchain

Ankr says no one should trade aBNBc, only LPs ‘caught off guard’ will be compensated

The company stated it would be discontinuing aBNBc and aBNBb tokens 'effective immediately,' and that "new ankrBNB tokens will be minted and airdropped to affected aBNBc and aBNBb users."

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Listen to article Ankr says no one should trade aBNBc, only LPs "caught off guard" will be compensated Breaking news

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Following yesterday's confirmed multi-million dollar exploit, BNB Chain based protocol Ankr took to its company blog on Dec. 2 to relay its next steps to users.

The team said it was identifying liquidity providers to decentralized exchanges as well as protocols supporting aBNBc or aBNBb LP. The group also said it is assessing aBNBc collateral pools, such as Midas and Helio. According to the post, Ankr intends to purchase $5 million worth of BNB, which it will use to compensate liquidity providers affected by the exploit. However, the company said it only intends to compensate LPs who were "caught off guard by the event."

This story is developing and will be updated.

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