BlocksInform
On December 21, the company said the attack was perpetrated by a former employee. Have not been adequately reimbursed by the bank company. In the words of a jan. According to the group's statement received by the cointelegraph, the affected members received only half of the loss.
1/4 We, the victims of Ankr exploit, are increasing the reward from 100 BNB to 110 BNB (worth $28700 currently) for the person (including influencers and media) that:
? helps @cz_binance to understand the unfair compensation AND;
? makes @ankr to compensate us 100% https://t.co/sZlkqGW58a
— Alex Soh (@AlexSoh14) January 7, 2023
The group specifically claimed that a reimbursement plan posted by Ankr on Dec. Makes @ankr for 100% https://t compensation. co/szlkqgw58a— alex soh (@alexsoh14) 7 January 2023The group specifically stated that a repayment plan had been posted by ankr 7 December. 20 was unjust to the providers of cash on the women's stock exchange.
In accordance with this scheme, ankr proposed to “partially cover the loss of stkbnb liquidity providers on wombat.” In particular, the group argued that a repayment plan issued by Ankr on 20 December had been unfair to Wombat Exchange's liquidity providers.
Ankr argued that full repayment would be inequitable because the "nature of the mixed cash pools" on Wombat made it difficult to determine how much the cash providers had lost.
The exploitation victim group Ankr admitted that Ankr compensated them with 50% of the BNB lost in the attack. He stressed that he should have paid them 100%.
Citing a tweet from ZachXBT, they argued that Ankr has the ability to compensate them fully because it recovered 1,559 ETH (approximately $2.4 million worth at the time of writing) from HUOBI GLOBAL after the attacker tried to use it to cash out.
Related: Uniswap considers launching on BNB Chain
The Ankr team responded to these allegations through a Jan. The group argued that ankr has refused to compensate them fully because the stkbnb and bnbx liquid staking tokens lost were competitors to ankr’s own ankrbnb tokens:“it is obvious that there is a segregation and discrimination of victims that is unjustifiable. and [a] fact that out of x protocols impacted, There are only two (stader and pstake), competitors directly from the ankle, see their users victims of discrimination," quoting a Zachxbt tweet, they argued that ankr has the ability to compensate them fully because it recovered 1,559 eth (approximately $2.4 million worth at the time of writing) from huobi global after the attacker tried to use it to cash out. Linked: uniswap plans to launch on bnb chainthe ankr team responded to these claims by a Jan. From the company’s perspective, much of the stkBNB and BNBx losses on Wombat were due to poor risk management of these rival staking protocols and illiquidity on Wombat, as they explained:
“50% of all BNBx and stkBNB liquid staking was on Wombat alone due to Stader and pStake incentives. In the e-mail, the representative of the bank said the repayment plan was "more than generous" for cash providers on wombat.From an enterprise standpoint, A large portion of the stkbnb and bnbx losses on wombat were due to mismanagement of the risks of these competing staking protocols and illiquidity on wombat, As they explained: "50% of all bnbx and stkbnb cash staking was on wombat on its own because of stader and pstake incentives. In terms of the company, Most of the losses of stkBNB and BNBx on Wombat were due to mismanagement of the risks of these competing staking protocols and illiquidity on Wombat, as they explained: "50% of all BNBx and stkBNB cash staking was on Wombat alone because of Stader and pStake inducements.
This constitutes a clear risk of concentration[...]
Ankr cannot be held liable for the failure to manage the risks of the other pools. The ankr cannot be held liable for the failure to manage the risks of the other pools. The team added that the plan's criticisms do not include the "cash flow" that led to the loss of funds, saying:"We need to understand what happened and track funds.
The operator sold aBNBc on Wombat for BNB then for BNBx and stkBNB.
The Ankr BNB staking protocol was hacked on Dec. 2, 2022, and the attacker was able to obtain $5 million in crypto from the attack. On Dec. 21, the company announced that the attack had been carried out by an ex-employee. Ankr's team also submitted that it failed to recover sufficient funds to compensate users, Criminal investigations are ongoing in order to recover some of the funds, and the amount we think we will be able to recover is much less than what we paid."
