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Top Crypto News of The Week | 28 November – 6 December

by Financial Economy

We have compiled the prominent news in the crypto money market between November 28 and December 6 for you. Here are the answers to questions such as whether ANKR coin was hacked or BlockFi went bankrupt… For other cryptocurrency news, you can check it out here.

Ankr Protocol has been hacked into billions of dollars!

BNB Chain-based DeFi Ankr Protocol confirmed on November 1 that it had suffered a multimillion-dollar cyberattack. Ankr made a statement on his Twitter account almost an hour after the attack took place. Ankr stated that a cyberattack has occurred on aBNB and they have spoken to exchanges that support this asset to immediately stop their trading.

The attacker was allegedly able to mint 20 trillion Ankr Bet BNB (aBNBc), a prize-winning token for BNB. Since then, the exploiter has used services such as Uniswap, Tornado Cash, and various bridges to exchange and hide funds, successfully earning around 5 million USD in Coins. It is believed that either a vulnerability in the protocol’s smart contract or the compromise of private keys is responsible for the exploit.

BlockFi files for bankruptcy!

BlockFi announced on November 28 that it had filed for Chapter 11 bankruptcy. The filing in the Bankruptcy Court for the United States District of New Jersey involves the company and its eight subsidiaries.

Binance acquires SEBC: enters the Japanese market

Popular cryptocurrency exchange Binance has acquired 100 percent of Japan-based crypto exchange service provider Sakura Exchange BitCoin (SEBC). With this acquisition, the platform stepped into the Japanese market.

Elon Musk reveals his Twitter 2.0 plans

Twitter’s new CEO announced his plans for the social media platform on his Twitter account with 119.2 million followers on November 27. Billionaire entrepreneur Elon Musk has confirmed that he plans to integrate payments on the social media platform Twitter.

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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