Ankr exploit victims group alleges the company only reimbursed them 50%

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The group alleged that they are being discriminated against because they are liquidity providers for rival coins.

by Ankr on Dec. 20 has been unfair to liquidity providers at Wombat exchange. Under this plan, Ankr proposed to “partially cover the loss of stkBNB liquidity providers on Wombat.” Ankr argued that a full reimbursement would be unfair because “the nature of the mixed liquidity pools” on Wombat made it hard to determine how much liquidity providers had lost.

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: Citing a tweet from ZachXBT, they argued that Ankr has the ability to compensate them fully because itUniswap considers launching on BNB Chain

“50% of all BNBx and stkBNB liquid staking was on Wombat alone due to Stader and pStake incentives. This represents an obvious concentration risk[…]Ankr cannot be held responsible for the lack of risk management of other pools. To put things in context, Ankr paid Wombat pools in all 4x more than the aBNBc TVL we had on Wombat, which is more than generous”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why wasn't there any safeguards in place to protect the pool after aBNBc completely depegged? Ankr claimed that the damage was $5M lost due to aBNBc. They have spent an additional $25M to help compensate victims of the collateral damage. Seems like they have done plenty.

Mmm. How weird. It says the post has over 500 likes, but only shows like 50 when you click on those... Something doesn't add up. Someone bought some likes?

Why didn't Stader just create a new token and airdrop? Because the got cheapies 🤔Might be worth investigating

wen premise liability laws

Why victims ignore the complete lack of defense mechanisms in wombat, why there are no questions to Stader?Looks like unsettling article

I would like the Bitcoin CEO to pay me for damages i suffered due to it dragging down one of my coins 99.7% last year. Can you guys write an article about that? I can get a group of people together who support this.

Surprised they got a single dollar lol. Might be hte first time i've ever seen a crypto project pay back victims of an exploit.

Why are there no questions to wombat who allowed such a risky pool, why does Stader pay for custom articles to avoid liability, ankr looks much more professional here

Ankr compensated 100% of Bnb holders, the rest of the parties agreed to 50% because initially Wombat did not have the right to create such a risk pool, they did not even have any protection, what could be claims against ankr that compensated 30mil

If you need to make back some losses cobratate is always an option I haven't joined but I heard its great 😛

It seems that this is an order from Stader who behaved in a completely unprofessional manner with the holders, why no one asks them, pStake agreed to 50%, Stader initially agreed to 50% but after hate switched to order articles because they do not want to be responsible

Why is nobody mad at the former Ankr employee that coded the exploit into an update before he got axed

cz_binance binance BinanceLabs ankr pStakeFinance stader_bnb please compensate 100% for bnbx and stkbnb holders affected by ankr exploit!!!!!!! this is for reputation and trust of bnbchain.

Discrimination 🤡..i would call it extremely kind that this Ankr project did anything if they're competitors. Its pvp bros amiright

It was reasonable (and generous in fact) for Ankr to reimburse them 50%. Those other protocols bear some responsibility (for inaction and other reasons) to reimburse their own users. Some of these people were taking unnecessary risks angling to make money during the ordeal imo.

AnkrDidNothingWrong DeFi is user beware. People need to understand they're not entitled to any reimbursements on decentralized platforms. Centralized and Decentralized platforms both have their own dangers to weigh. It's shitty to lose money but charge it to the game

Does nobody realize that $ANKR has paid out way more money than the two million they're recovering? It seems like it has to be at least 20M at this point

I think ankr should get more credit for all the lengths they've gone to to fix everything like what they did with $hay spending $15 million to repeg it

Ankr did make an effort though. plus, both stader and pstake could pay it thanks to those arb bots they used while the whole thing was happening so I don't see how they would not be able to pay their own holders. or is it because the profited from them to begin with?

Alleged

So this is the hottest Cointelegraph article at the moment, it seems Getting a lot of attention lately since you dropped this with everyone taking their side

LIKE & RT to get 0.01 BNB if ankr compensates 100% to us who are the victims of Ankr exploit. First 3000 people who LIKE & RT this tweet from Cointelegraph will get this 0.01 BNB.

Ryan Fang of Ankr was lying. See the official tweet by Stader on Dec 20:

cz_binance please help us. I know you are a man of integrity. Please uphold the justice for us. heyibinance BinanceLabs odagius

Why not talking about nomadxyz_ Nomad bridge Victims? We have not been compensated 1 cents

ankr markets looking better now. Refund this, do it right and earn the community's respect again. Then we can move on towards business. I can allocate few millions in ANKRBNB and add some WOM towards bribe gauge. But please show that funds are SAFU and refund FULL.

This article completely ignores the fact that staderlabs has done absolutely nothing to reimburse those who got affected. Why?

Most of the blame here lies with Stader's lack of professionalism, who have shown themselves to be completely unreliable when it comes to taking on their debts to the people, they have not paid their share nor do they show any intention of doing so.

After reading the article I wonder who is at fault here. ankr has given 50% as its their protocol but technically yall should be contacting staderlabs stader_bnb for the rest of the compensation. They haven't said jack and are part of the problem. Just an outsider view.

and it wasnt a hacker, it was their employee who drained our stkBNB and BNBX from pools. You got these funds already back. they belong to us users. cz_binance and heyibinance help to compensate victims full to bring this to an end.

Very biased article, I'm surprised is going to have any 'customers' left soon. Charges a high price for an article then continues to FUD them. Probably because they haven't purchased any of their ridiculous packages for a while. 🤡

The word allege is used wrongly here. It is not an allegation but a fact that they only reimbursed 50%.

please heyibinance and odagius take a look at this. Binance Labs is invested big in Ankr. Please raise your voice for victims of this exploit. Ankr already got back funds but did not compensate us full. But these funds belong to us users and not to Ankr. These are our funds!

ankr one of Bnbchain validator. disrecpectful

this ankr rugpulled another platfrom at BNBCHAIN

Please see how many people are paying attention to the problem of unfair compensation from AnkrHack. They have invested in trust projects supported by BinanceLabs ( WombatExchange pStakeFinance ) and Ankr stole money from them... cz_binance AlexOnchain

cz_binance any comment about ankr hack Incident by their employee, and Rugpulled us as Investor BNBCHAIN by one of Bnbchain validator. U always said 'Protect User'

Shame on you ankr Poor risk management ? YOU are the risk!!! You caused a car crash, but you wanna pay 50% only of the damages, the other 50% is supposed to be paid by victims car manufacturer. ankrscam ankr $ankr We will never forget

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines