On July 9, at 00:00 UTC, unknown intruders cracked the purse on the Bancor platform, as a result of which 24,984 ETH ($ 12.5 million) and 229.35 million NPXS ($ 1 million) were stolen.
As noted by the developers, the compromised wallet was used to update the smart contract. It was through it that hackers were able to withdraw funds from the Bancor platform.
It is noteworthy that the project team was able to freeze the withdrawal of 3.2 million BNT ($ 10 million), since the platform protocol provides a quick response to possible threats in order to minimize damage to the community.
However, the output of ETH and NPXS still took place. Now the project actively cooperates with dozens of crypto exchanges to track stolen funds and prevent their sale by intruders.
Bancor allows the exchange of ERC-20 tokens via smart contracts outside of trading platforms.
The ICO of the project attracted $ 140 million in just three hours.