📣 Our new token, ankrBNB, is going to replace aBNBc and aBNBb, to become the sole BNB-based liquid asset available from Ankr. ➕ The new token will be reward bearing and the reward earning concept will be retired for BNB as a result. 🤓 Our new token model ensures users can start using Ankr Staking easily and efficiently by removing reward-earning tokens that are still not supported across many DeFi platforms. 🔗 Read all about it here:

www.ankr.com

📣 Report on halted trading: reasons and in-depth technical explanation: DEX’s themselves very often do not have the ability to stop tradability, which is why Ankr recommended liquidity providers remove liquidity from the liquidity pools. We are absolutely not following a LUNA approach. aBNBc and aBNBb will be worthless with 100% certainty after the airdrop of the new ankrBNB token. ankrBNB will be the only token redeemable against staked BNB (which have been unaffected by the exploit). We recommended anyone providing liquidity removed it, in order to avoid speculative trading, since DEX’s cannot generally block the ability to trade. Ankr also cannot block speculative trading as we cannot control other defi protocols. ‼️ Why did selling stop but buying continued? Because there was no more BNB in LPs to sell aBNBb and aBNBc. It was drained out by the exploiter, who had an unlimited amount of aBNBc that he sold on DEX’s vs BNB until drying out completely the liquidity pools (=0% BNB/100% aBNBc in the LPs) The only exit then available to the exploiter was to sell aBNBc vs BNB on DEX’s since we blocked unstaking. DEX’s cannot be blocked and even if it was possible, it would have been too late to block it manually by the DEX team due to how DeFi protocols are run. 🛠 Why didn’t we simply change the contract to prevent buying and selling? Because the contract was already compromised and any changes we made could be undone or altered by the malicious actor. To take a more secure approach to prevent any further damage that could cover several leakage points we did a one shot replace with the original contract and took preventive measures so it wouldn't be reverted again.

Ankr Official Announcements: ⚠️ We understand diluted aBNBc was speculatively traded after the exploit occurred, but we are only able to compensate LP’s caught off guard by the event. 👤 Regarding individual users, we will only compensate users that were holding aBNBc/aBNBb before the exploit took place as this is the correct time to take the snapshot. 🤝 We remain at your disposal for any further questions or/and doubts. 🗞️ Read our latest explanatory article for an in-depth explanation on compensations and security updates:

www.ankr.com

Further instructions from the Ankr team: 1. Do not trade 2. Remove liquidity from DEXes if you are a liquidity provider (and keep the aBNBc) 3. Snapshot will be done and wait for additional news 4. Will do a reissuance of aBNBc

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👋 We're glad to see you enjoying the Ankr Community! The fastest, most reliable Web3 infrastructure! ⚓️ Our job: make Web3 accessible for everyone! Ankr consists of several related platforms that provide a variety of different use-cases and services, covering Web3 services and Infrastructure, Web2 Gaming services and Liquid Staking to name just a few! 🔍 You can count on us for: 🌐 RPC Service Article: here Know more: here 🔍 Advanced APIs/SDKs Article: here Know more: here 🎮 Gaming SDKS Article: here Know more: here ⛓ AppChains Article: here Know more: here 🪙 Liquid Staking Article: here Know more: here 🏛 Enterprise Solutions Know more: here 👋🏼 Our socials: Visit our linktree! 🌴

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For support, always raise a support ticket. You can do so using this link:👇

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Finally, for marketing, listing or partnership related opportunities please do so via an email to marketing@ankr.com