Published on July 9th, 2018 | by bitcoin0
Token platform bancor is offline after the security breach
Token creation platform Bancor has gone offline following a “security breach” that took place Monday morning.
Bancor posted on Twitter that it took its platform offline following the security incident, stating that “no user wallets were compromised.”
In addition to serving as a decentralized exchange, Bancor also allows for the creation of new cryptographic tokens.
At least one observer has claimed that as much as 25,000 ETH – an amount worth roughly $12 million – was moved out from Bancor addresses.
A representative for Bancor didn’t immediately respond to questions regarding the veracity of those claims or when the platform would be brought back online.