The Business Times

Binance pauses Ankr withdrawals after possible token hack

    • Zhao Changpeng, CEO of Binance said the exchange had frozen about US$3 million that hackers moved to the Binance’s centralised exchange.
    • Zhao Changpeng, CEO of Binance said the exchange had frozen about US$3 million that hackers moved to the Binance’s centralised exchange. PHOTO: REUTERS
    Published Fri, Dec 2, 2022 · 05:35 PM

    BINANCE paused withdrawals of Ankr tokens after the cryptocurrency exchange’s CEO Changpeng Zhao said the tokens were possibly targeted by hackers.

    Ankr told decentralised exchanges to block trading and said it will re-issue the tokens after assessing the situation.

    Zhao also said the exchange had frozen about US$3 million that hackers moved to the Binance’s centralised exchange.

    “Initial analysis is developer private key was hacked, and the hacker updated the smart contract to a more malicious one”, Zhao tweeted. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    CryptocurrenciesBinanceMoney Hacks

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More