In a statement published hours ago, Israeli-based cryptocurrency exchange Bancor fessed up to a security incident following which a hacker made off with roughly $13.5 million worth of cryptocurrency.
The hack took place yesterday, July 9, at 00:00 UTC, according to Bancor, after an unknown intruder(s) gained access to one of the company's wallets.
This was a big deal because Bancor doesn't run as a classic exchange platform, but uses a complex mechanism based on smart contracts running on the Ethereum platform to move funds at a quicker pace than classic exchange platforms.
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