Bancor hack reveals blind spots of exchanges’ security systems
On Tuesday night Bancor platform, a very popular crypto converter, was hacked . As a result, 23.5 million dollars in different cryptocurrencies equivalent were stolen from the platform’s “hot wallet”. Users’ wallets, thankfully, were not involved.
Vladimir Smerkis, Tokenbox co-founder and managing partner, has pointed out that the BNT token has already lost more than 15% of price in just a day. He believes that “the situation with Bancor is unlikely to affect the main exchange rates, the market can react only with a very small and short-term correction”.
Vladimir also added: “Unfortunately, hacks still occur frequently due to the technology being relatively young and thus due to various security issues. It is necessary to figure out who and how stole those funds from Bancor, because there were cases when hackers turned out to be “clean”. We all remember the hack of Parity wallet, whe all the funds were eventually returned to the owners”.
Source: https://1prime.ru/finance/20180710/829015334.html
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