Bancor Halts Operations After Reportedly Over $12 Million Hack

[kreslik.news]

Bancor, a Switzerland-based exchange that provides an automated conversion mechanism for blockchain tokens, shut down Monday morning due to a “security breach”. Before it announced the attack, Bancor said its Web App was paused while it underwent unplanned maintenance.

The company said it is currently investigating the nature of the incident but confirmed the attack only impacted trading operations, and user accounts and their associated funds/account balances were not at risk at any point.

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They also confirmed the attack on Twitter and stated it would be several hours ‎before service would be fully ... (read more)