Hackers steal $13.5 million from decentralised cryptocurrency exchange

[Jamie McKane]

Hackers steal $13.5 million from decentralised cryptocurrency exchange

Bancor, an Israeli startup that facilitates trading in digital tokens, said a criminal made off with a $13.5 million cache, mostly comprised of Ether.

Using emergency protocols, the company managed to freeze an additional $10 million of its own Bancor tokens, known as BNT, limiting damage from the theft on Monday, the firm said in statement on Twitter.

[Bloomberg]

 

[saor]

Wonder how this happened - did one of the exchange wallets keys and passwords get accessed? The very nature of a DEX means that it's a different thing to hack than a regular centralised exchange.

“We are now working together with dozens of cryptocurrency exchanges to trace the stolen funds and make it more difficult for the thief to liquidate them,” it said.

Lol.
Send ETH around enough times and there's nothing they can do to trace it. Not sure what they're pretending to be doing here other than the appearance of damage control.

 

[Thor]

Internal hack/security breach from within.