Bancor

Bancor

The Bancor exchange said in a statement that an unidentified hacker had taken over $13.5 million worth of cryptocurrencies.

To carry out the study, the corporation put its infrastructure into maintenance.

By gaining access to a business wallet, the attackers were able to take $12.5 million, or 24,984 Ether (ETH), out of Bancor smart contracts and move it to a private wallet under their control.

Bancor was able to stop money transfers due to a security feature in its tokens, which prevented hackers from transferring funds to other wallets.

Source: https://securityaffairs.com/74345/data-breach/bancor-exchange-hacked.html

TPRM report: https://scoringcyber.rankiteo.com/company/bancor-foundation

"id": "ban1630311223",
"linkid": "bancor-foundation",
"type": "Breach",
"date": "07/2018",
"severity": "50",
"impact": "2",
"explanation": "Attack limited on finance or reputation"
{'affected_entities': [{'industry': 'Financial Services',
                        'name': 'Bancor',
                        'type': 'Cryptocurrency exchange'}],
 'attack_vector': 'Unauthorized access to business wallet',
 'description': 'An unidentified hacker stole over $13.5 million worth of '
                'cryptocurrencies from the Bancor exchange.',
 'impact': {'financial_loss': '$13.5 million',
            'operational_impact': 'Infrastructure put into maintenance',
            'systems_affected': ['Bancor smart contracts', 'Business wallet']},
 'motivation': 'Financial gain',
 'references': [{'source': 'Bancor statement'}],
 'response': {'containment_measures': ['Stopped money transfers using a '
                                       'security feature in its tokens']},
 'threat_actor': 'Unidentified hacker',
 'title': 'Bancor Exchange Cryptocurrency Theft',
 'type': 'Theft'}
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