Exclusive: Bancor Responds to Hack–“Our Wallets Have Been Battle-Tested”

[kreslik.news]

Earlier this month, the Bancor network experienced a multi-million dollar hack. Recently, Finance Magnates spoke with Eyal Hertzog, co-founder of Bancor, and Omri Cohen, head of growth at Bancor, about the recent hack, Bancor’s future, and the crypto industry at large.

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“A Bancor wallet was broken into, and that wallet had access to certain smart contracts. Some tokens were stolen from those smart contracts on the network, totalling about $23.5 million,” Omri began. “We can’t really speak to the details of the investigation while they’re being reviewed,” although he did confirm that ... (read more)