Another Hack! Bancor Exchange has $23.5 M Stolen

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Bancor Hack

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 this: $12.5 million in Ether, $1 million in Pundi X’s NPXS token, and $10 million in Bancor’s BNT, were stolen.

The exchange has managed to mitigate the damages by ...

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