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Binance Pauses Withdrawals Amid $5M Ankr 'Infinite Mint' Hack

Binance CEO Changpeng Zhao announced that the crypto exchange had paused withdrawals linked to a recent attack on Ankr. "Initial analysis is developer private key was hacked, and the hacker updated the smart contract to a more malicious one," wrote Zhao. "Binance paused withdrawals a few hours ago. Also froze about $3m that hackers move to our CEX." Ankr is a distributed node operator for proof-of-stake networks, letting users stake their tokens easily without having to buy the necessary hardwar...