9 July 00:00 UTC unknown attackers hacked into the wallet on the platform of the Bancor, the result of which was stolen 24 984 ETH ($12.5 million) and NPXS 229,35 million ($1 million).

Here is the latest update on the recent security breach: pic.twitter.com/JroypFvBri

— Bancor (@Bancor) July 9, 2018

As the developers of a compromised purse was used to update the smart contract. Through it the hackers could withdraw funds outside of the platform Bancor.

It is noteworthy that the project team was able to freeze the output BNT 3.2 million ($10 million), as the Protocol platform provides a fast response to potential threats to minimize damage to the community.

However, the ETH and NPXS still took place. Now the project actively cooperates with dozens of cryptocurrency exchanges to track stolen funds and prevent the sale of intruders.

We emphasize that in recent days the price BNT, in spite of the successful freezing of the withdrawal of the native token of the platform showed a drop of 12.7%.

Data CoinMarketCap

Bancor allows the exchange of tokens ERC-20 through smart contracts outside the trading platform.

Recall, the ICO project has attracted $140 million in just three hours.