2018-7-15 17:13 |
Bancor Breach
The big story on Tuesday was that Bancor reported it had experienced a “security breach”.
A wallet used to upgrade some smart contracts has been compromised and used to withdraw 29,984 ETH, worth approximately $12.5 million.
“The same wallet also stole: 229,356,645 NPXS (~$1M) [and] 3,200,000 BNT (~$10M).” Bancor added that “once the theft was identified, we were able to freeze the stolen BNT”.
The countermeasures raised questions about the decentralized status of Bancor which doesn’t square with the freezing of tokens and shutting down the network.
CZ vs Vitalik
The main focus on Thursday was that Binance CEO Changpeng Zhao (CZ) has decided to publicly defend his industry from a verbal attack by Vitalik Buterin.