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Ankr: Officially Fake

The receipts were forged. The signatures were real. That's the whole bug.

Ankr's Ethereum bridge got drained this morning by five withdrawal receipts that all pointed at one already-redeemed Optimism deposit. About $286K to $304K, depending on which security firm's calculator you trust.

Follow the Value: 82.91 ankrETH, ~7.98M $ANKR, 515K ankrPOL. Bridge balance of all five: zero. The contract checked who signed. It never checked whether the deposit happened. The ANKR and most of the ankrETH were sold for ETH within about 90 minutes. The 3-of-5 multisig hit pause at 09:51 UTC, after the vault was already empty. A very firm pause on an empty room.

How a trusted signer ended up co-signing fiction is still unconfirmed.

Ankr's X feed this afternoon: World Chain live on Ankr RPC, "battle-tested." No bridge statement that I can find.

Winner: the wallet sitting on ~104 ETH. Still open: who eats the hole.

If one key can approve any withdrawal, is that a bridge or a hot wallet with paperwork?

Ankr #BridgeSecurity

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Educational content only. Not financial advice.

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