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Tag Archives: Bancor

Crypto Week In Review: Bancor Hack, Coinbase Add Tokens, Price Drop

Despite seeing bearish price action, with the market moving down by 10%, the past week was still rife with news about cryptocurrency exchanges. This Week’s News Headlines Hedge Fund Investor Takes Step Into An Unfamiliar Space Steven Cohen, a well-known hedge fund manager, recently made an investment into Autonomous Partners, a new hedge fund that is focused on the acquisition ...

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Bancor Creates Crime-fighting ‘Crypto Defenders’ as Scorn Over $12 Mln Hack Escalates

Self-styled “decentralized” exchange platform Bancor pledged to tackle cybercrime threats to cryptocurrency entities in a blog post July 12 as it resumed operations following a $12 mln hack this week. Summarizing the platform’s future plans in the post, co-founder Guy Benartzi also announced that Bancor’s internal tools that helped tracked its hacked funds would be made available to a wider audience. ...

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Bancor Hack | Crypto Exchange suffers $23.5 Million Theft

Bancor hack: On Monday, the cryptocurrency world saw another hack. Crypto exchange Bancor — an Israel-Switzerland company — had $23.5 million worth of three different cryptocurrencies stolen. Its services include a wallet with a built-in exchange service and according to Bancor, no wallets were compromised but “a wallet used to upgrade some smart contracts was.” The breakdown of the Bancor hack looks like ...

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Bancor Urges Industry Players to Collaborate After $23.5 Million Hack

On July 9, the decentralized crypto platform Bancor was compromised. The hackers managed to drain over $23 million worth of crypto, part of which has allegedly already been converted into fiat via the instant exchange service Changelly. While the Bancor team is collaborating with other industry players to track the stolen funds, the recent security breach shows how decentralized platforms ...

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Following ‘Security Breach,’ Bancor Expects to Be Online in 24 Hours

Decentralized cryptocurrency exchange Bancor, which experienced a “security breach” July 9, has told Cointelegraph that it expects to come back online within 24 hours. Bancor halted operations this Monday due to an investigation of a “security breach,” which involved more than $12 million. The exchange confirmed the breach on its Twitter account, saying that “no user wallets were compromised.” The ...

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Decentralized Crypto Exchange Bancor Hacked, $12M in Ether Stolen

In a statement, Bancor, a decentralized exchange, stated that a vulnerability was exploited to steal 24,984 ETH (approx $12 million), $1 million worth of NPXS and $10 million worth of BNT. In a tweet earlier today, Bancor stated that it has identified a security breach and will investigate into the issue. It assured that no user wallets were compromised and ...

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Decentralized Crypto Exchange Bancor Reports ‘Security Breach,’ Remains Down for ‘Maintenance’

Decentralized cryptocurrency platform Bancor halted operations Monday, July 9, as it investigates what it calls a “security breach,” reportedly involving over $12 mln. A Twitter post confirmed the breach and Bancor’s halted operations, which the platform says is specifically to allow investigative work prior to a full statement being released “shortly.” “This morning (CEST) Bancor experienced a security breach. No ...

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Bancor Launches Community Token Network to Combat Poverty in Kenya

Bancor is launching a network of blockchain-based community currencies in Kenya aimed at combating poverty, according to a press release shared with Cointelegraph June 18. Bancor, self-described as a “decentralized liquidity network,” secured a then-unprecedented $153 million in under three hours in an Initial Coin Offering (ICO) June 2017. As of press time, it is the world’s largest decentralized crypto ...

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Benchmark to Join the Bancor Network

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Benchmark ...

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