Published on July 10th, 2018 | by bitcoin0
Bancor Expects to be Back Online in 24 Hours Following Recent Security Breach
Decentralized cryptocurrency exchange Bancor, which experienced a “security breach” July 9, has told Cointelegraph that it expects to come back online within 24 hours.
Bancor halted operations this Monday due to an investigation of a “security breach,” which involved more than $12 million.
The exchange confirmed the breach on its Twitter account, saying that “no user wallets were compromised.” The cybercriminals reportedly exchanged some of the tokens through conversion service Changelly.
While an official statement on the breach will be released following the investigation, a Bancor representative told Cointelegraph that the exchange should be back online within 24 hours.
However, the representative concluded that, in their opinion, decentralized solutions are the future of blockchain and value exchange.