Blog | G5 Cyber Security

Cryptocurrency Exchange Developer Bancor Loses $23.5 Million

Cryptocurrency exchange developer Bancor loses $23.5 million in cryptocurrency from a hack. Wallet used to upgrade some smart contracts was compromised, the developer says. No user wallets were compromised, but the platform itself lost $12.5M of ether, about $1M of Pundi X and $10M of Bancors tokens. The precise cause of the hack remains unclear, but some of the losses are recoverable. The developer says it will be operational again soon.”]

Source: https://www.govinfosecurity.com/cryptocurrency-exchange-developer-bancor-loses-235-million-a-11188

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