Blockchain infrastructure platform Ankr has announced that it would be allocating $15 million to cover the bad debt as a result of its recent exploit.
Ankr To Buy Back Bad Debt
Blockchain infrastructure platform Ankr has announced that it is planning on allocating $15 million to buy back the bad debt which resulted from its recent exploit and the subsequent over-circulation of HAY tokens. The HAY stablecoin, a stablecoin pegged to the US Dollar issued by the stablecoin protocol Helio, lost its peg due to the hack. Helio added that it had bought back around $3 million of bad debt in HAY from the open markets.
The Ankr Exploit
A series of seemingly unrelated incidents resulted in the bad debt and the subsequent de-pegging of the HAY stablecoin. On the 2nd of December, a hacker could manipulate certain vulnerabilities in the Ankr protocol’s smart code, compromising several private keys after a technical upgrade carried out by the Ankr team. As a result of the exploit, the hacker
We współpracy z: https://cryptodaily.co.uk/2022/12/ankr-deploys-15-m-to-buy-back-bad-debt-following-exploit
