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Israeli Crypto Startup Bancor Loses $13.5 Million to Hacking

Bancor reported the incident in a tweet on Monday.

A digital coin valued at $23.5 million was stolen, with Bancor eventually retrieving $10 million worth of its own coin, BNT

  • Amarelle Wenkert
  • C Tech

On Monday, Israeli crypto coin trading platform Bancor announced in a tweet it had been the victim of a security breach which has resulted in the theft of $13.5 million in crypto coins, mostly Ethereum.

Ether 2bThe company said that no user wallets were compromised in the event.

Bancor ceased operations following the breach in order to investigate the incident, and the website is currently down for…

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