EXCLUSIVE: FOLLOWING ‘SECURITY BREACH,’ BANCOR EXPECTS TO BE ONLINE IN 24 HOURS

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EXCLUSIVE: FOLLOWING ‘SECURITY BREACH,’ BANCOR EXPECTS TO BE ONLINE IN 24 HOURS

Decentralized cryptocurrency platform 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 platform 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. Sources familiar with the matter told Cointelegraph that the stolen tokens included Bancor’s native token BNT, about 25,000 Ethereum (ETH) ($12.2 million), and 300,000 Pundi X (NPXS) ($1,200). Reed more on the website – Cointelegraph.

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The Crowdsale Network platform is based on the goal of supporting and implementing socially important projects to improve the quality of life of every person. With the advent of blockchain and crypto-currency technologies, it became much easier to attract investments into a start-up with the help of ICO than through venture funds. We are constantly looking for viable projects and are ready to invest all the necessary resources for their implementation. We have developed a unique algorithm for selecting start-ups and a phased financing mechanism that will avoid project scams and protect investors’ funds and our reputation.

The ICO means the release of tokens, and the crowdfunding is the target fundraising for the project, where the startupper does not offer investors tokens in exchange for money but something else. For example, he offers the product itself at a low price or a constant discount on all types of services of the creating business.

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The ICO means the release of tokens, and the crowdfunding is the target fundraising for the project, where the startupper does not offer investors tokens in exchange for money but something else. For example, he offers the product itself at a low price or a constant discount on all types of services of the creating business.

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