Israeli based cryptocurrency exchange platform Bancor suffers Security Breach, hackers stolen $13.5 Million Worth Cryptocurrency.
According to the company statement, the hack attack took place on July 9, at 00:00 UTC and no user wallets have been compromised in the attack.
Bancor website in maintenance now, according to their statement, hackers compromised the wallet that used to update the smart contacts and used to withdraw the Etherum that worth $12.5 million and $1 million worth Pundi X from the BNT.
“Once the theft was identified, we were able to freeze the stolen BNT that prevents the damage of $10 million from its crypto tokens.
Cointelegraph reports that stolen funds have been exchanges by hackers through instant conversion service Changelly.
Bancor didn’t reveal how the hackers penetrated into their system and the company says “we are working together with dozens of cryptocurrency exchanges to trace the stolen funds and make it more difficult for their thief to liquidate them.”
According to Bancor recent update “We are close to reactivating the Bancor Network. We appreciate your support and the healthy debate on the balance between security and decentralization that has ensued.”
Japanese Syndicate Wallet Hacked – Cyber Criminals Stolen $10 Million USD
South Korean Crypto Exchange Coinrail Hacked and Attackers Steal $40M in Tokens
Bithump Hacked – Hackers Steal $31 Million Worth Cryptocurrency
A groundbreaking technique for Kerberos relaying over HTTP, leveraging multicast poisoning, has been recently detailed…
Since mid-2024, cybersecurity researchers have been monitoring a sophisticated Android malware campaign dubbed "Tria Stealer,"…
Proton, the globally recognized provider of privacy-focused services such as Proton VPN and Proton Pass,…
The cybersecurity landscape faces increasing challenges as Arcus Media ransomware emerges as a highly sophisticated…
Proofpoint researchers have identified a marked increase in phishing campaigns and malicious domain registrations designed…
A recent investigation by Unit 42 of Palo Alto Networks has uncovered a sophisticated, state-sponsored…