Great writeup! Quick question though -
Abhijeet Maharana
1

The BancorCrowdsale contract is owned (at the time of this writing) by this contract. You can confirm that here — look for the owner field in the Read Contract tab.

That owner contract is closed source, meaning its source code wasn’t submitted to Etherscan. According to Bancor, it’s a multisig contract in their control.

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