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.
Ethereum sees a 2% price boost after Vitalik Buterin outlines 2026 goals. The network aims for global usability while staying fully decentralized.
The post Ethereum Price Reacts as Vitalik Buterin Unveils Core Network Goals for 2026 appeared first on Coinspeaker.
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.
Ethereum founder Vitalik Buterin has issued a sharp public warning to Elon Musk over how X is being used to direct increasingly aggressive rhetoric at Europe, arguing that the platform is drifting from a free-speech ideal toward orchestrated hostility.
Vitalik Buterin and the Ethereum Foundation have introduced the Trustless Manifesto to reinforce the core values of decentralization and censorship resistance.
The post Ethereum Foundation Unveils Trustless Manifesto appeared first on Coinspeaker.
Ethereum co-founder Vitalik Buterin is once again in the spotlight after offloading another batch of memecoins. Vitalik Buterin has once again cleared out a stash of unsolicited memecoins, converting them into $14,216 worth of USDC. The move continues a longstanding…
The update of the Counter-Strike 2 skins exchange rules caused chaos. Some of the rare in-game items’ prices plummeted, stripping owners of the potential returns. The CS2 skins market cap dropped from $5.
Ethereum co-founder Vitalik Buterin is back in the spotlight for offloading a new batch of memecoins, reigniting discussions around his stance on the sector. Vitalik Buterin has drawn renewed industry attention after selling off several memecoins. According to data from…
