A decentralized cryptocurrency platform Bancor has suspended work on Monday, July 9, in connection with the internal investigation “security breach”. On the background of this news the exchange rate of the token project fell more than 20%.
In the official Twitter Bancor, a message appears stating the security issues and that the wallets of users were not compromised. Then, the project has published the information off your web applications with the promise of later to publish a full report in the blog. The home page of platform reports and technical papers.
According to Cointelegraph, the attackers stole tokens Bancor (BNT) and exchanged them through the service instant convert Changelly, after which the tokens were frozen Bancor Foundation within a smart contract of service. Later in the Twitter project the message that the stolen assets include the token BNT (which could freeze), and about 25 000 ETH ($12.2 million) and 300,000 Pundi X (NPXS) ($1200), trying to track on other exchanges.
Recall that the Bancor last year grossed $153 million at ETH during the ICO (an unprecedented sum at the time). The decentralized structure of the project was to make the exchange of crypto-currency assets more secure than centralized exchanges, which, according to Vitalik Buterin, “should burn in hell.”