FTX might not be dead yet: top crypto and Web3 news for December 2 in brief

Not a boring day again! How nice that we are all so interested in the world of crypto and Web3. There is simply no other way around it. So, let’s dive into our traditional news roundup for the day. Here we go!

A truly regal hack

Taking advantage of a smart contract bug, Hackers hacked the decentralized Ankr protocol. They then minted 6 quadrillion aBNBc tokens. The aBNBc liquidity pools were completely emptied, and the price of the token fell by more than -99%. Here are more details.

#PeckShieldAlert $aBNBc Total Supply: 108,555,083,659,984,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000.996792 pic.twitter.com/bAk93xecrP

— PeckShieldAlert (@PeckShieldAlert) December 2, 2022

Here’s what’s waiting for GK8

If you’re not familiar, it’s a blockchain-based asset management platform acquired by the bankrupt Celsius a year ago. The company was blocked after Celsius filed for bankruptcy in July of this year.

The auction to acquire GK8 was won by Galaxy Digital Holdings Ltd., an innovator in financial services and investment management in the sectors of digital assets, cryptocurrency, and blockchain technology.

FTX is still alive?!

FTX Japan announced that it plans to resume withdrawals of local clients and Japanese clients’ funds will not be affected by the bankruptcy and reorganization of FTX Group. By the way, if you’re wondering how the exchange’s token FTT is doing. It’s even trading! Why? We figured it out in this article.

Binance paused withdrawals

The world’s largest cryptocurrency exchange is investigating a hacking incident that affected a number of cryptocurrency tokens. According to Binance, the coins in question are those of the Ankr and Hay platforms. Withdrawals have been suspended, freezing about $3 million that hackers transferred to its CEX.

Possible hacks on Ankr and Hay. Initial analysis is developer private key was hacked, and the hacker updated the smart contract to a more malicious one. Binance paused withdrawals a few hrs ago. Also froze about $3m that hackers move to our CEX.

— CZ 🔶 Binance (@cz_binance) December 2, 2022