2018-7-9 21:23 |
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.”
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