Decentralized cryptocurrency platform Bancor halted operations Monday, July 9, as it investigates what it calls a “security breach,” reportedly involving over $12 mln.
No user wallets were compromised,” the tweet reads, continuing: “To complete the investigation, we have moved to maintenance and will be releasing a more detailed report shortly.
User funds remain intact due to Bancor not holding any cryptocurrency in hot wallets or otherwise on their behalf.
Its decentralized structure has contributed to its security record, while major hacks have continued to rock centralized cryptocurrency exchanges – most notably Coincheck – throughout this year.
Vitalik Buterin, co-founder of Ethereum, delivered heavy criticism of centralized exchanges last week, saying he “hopes they burn in Hell.”
The frequent rate of Crypto-hacking is no news to Cryptocurrency exchanges as well as its users. With Bithumb losing over $30 million to hackers during its system upgrade which was eventually postponed some weeks ago, a new tragedy has followed upon Binance’s recent maintenance upgrade.
BeANKH aspired to develop an approach based on Blockchain technology to save the individual human personalities securely on a blockchain. The idea is that the decentralized storage and encryption will provide for the security of personal data, making the digital personality not only readily available, but also tamper-proof.
Hackers have reportedly made away with cryptocurrencies worth $30 million from Bithumb, South Korea's leading exchange, according to reports from a blog update. The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice.
In this week’s edition of the weekly recap, Tennessee officials issued cease-and-desist orders to major prediction market platforms alleging unlicensed sports wagering, while BNY advances the tokenized deposit platform launch.
Ethereum’s social buzz has cooled to levels some analysts compare with the period before last year’s powerful rebound, but experts say that doesn’t automatically mean another big surge is imminent. Related Reading: Bitcoin’s Next Peak Might Ignite ADA’s Rally, Says Cardano Creator Sentiment Mirrors Past Lows According to Santiment analyst Brian Quinlivan, social media sentiment around Ethereum has slipped and now sits near the low range seen before the 2025 rally.
Vitalik Buterin backs Tornado Cash developer Roman Storm ahead of US sentencing. Over $6.39M raised from the crypto community for his defense.
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Ethereum co-founder Vitalik Buterin declared that the blockchain has solved the trilemma through a combination of ZK-EVMs reaching production-grade performance and PeerDAS running live on mainnet. The technological developments position Ethereum as a network combining high bandwidth, consensus, and decentralization.…
Ethereum sees a 2% price boost after Vitalik Buterin outlines 2026 goals. The network aims for global usability while staying fully decentralized.
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Ethereum co-founder Vitalik Buterin called prediction markets a healthier alternative to traditional investing and social media discourse on emotionally charged topics. Writing on Farcaster, Buterin argued that prediction markets tie opinions to financial consequences.
