Bancor Breach
The big story on Tuesday was that Bancor reported it had experienced a “security breach”.
A wallet used to upgrade some smart contracts has been compromised and used to withdraw 29,984 ETH, worth approximately $12.5 million.
“The same wallet also stole: 229,356,645 NPXS (~$1M) [and] 3,200,000 BNT (~$10M).” Bancor added that “once the theft was identified, we were able to freeze the stolen BNT”.
The countermeasures raised questions about the decentralized status of Bancor which doesn’t square with the freezing of tokens and shutting down the network.
CZ vs Vitalik
The main focus on Thursday was that Binance CEO Changpeng Zhao (CZ) has decided to publicly defend his industry from a verbal attack by Vitalik Buterin.
A popular decentralized exchange platform, Bancor, recently took to Twitter to announce that the platform fell victim to a security breach, giving further details about the apparent hack. Bancor Sees $24 Million In Cryptos Stolen On July 9th at 8 AM (UTC), Bancor released a Tweet noting that its web service would be closed down.
9 июля в 00:00 UTC неизвестные злоумышленники взломали кошелек на платформе Bancor, в результате чего было похищено 24 984 ETH ($12,5 млн) и 229,35 млн NPXS ($1 млн). Here is the latest update on the recent security breach: pic.
Decentralized cryptocurrency exchange Bancor confirmed in a Twitter post this morning that the platform’s security was breached by hackers. Following the attack, Bancor shut down its site for maintenance and froze its accounts.
Decentralized cryptocurrency platform Bancor halted operations Monday, July 9, as it investigates what it calls a “security breach,” reportedly involving over $12 mln. No user wallets were compromised,” the tweet reads, continuing: “To complete the investigation, we have moved to maintenance and will be releasing a more detailed report shortly. User funds remain intact due
Bancor Experiences Security Breach and the Web App is Down for Maintenance Today July the 9th, Bancor announced on Twitter that its Web App was down for maintenance. Bancor Web App is currently down for maintenance.
Vitalik Buterin and the Ethereum Foundation have introduced the Trustless Manifesto to reinforce the core values of decentralization and censorship resistance.
The post Ethereum Foundation Unveils Trustless Manifesto appeared first on Coinspeaker.
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