Security Incident · Blockchain
Bancor Security Incident: $135.23K Reported Loss
Due to the unverified safeTransferFrom () function in the new Bancor network contract, user funds are about to be depleted.
- Reported loss
- $ 135,229
Incident Overview
The Bancor team stated: 1. A security vulnerability was discovered in the new Bancor Network v0.6 contract released two days ago; 2. After the vulnerability was discovered, the team conducted a white hat attack to transfer funds to a secure address; 3. The audit of the smart contract has been completed.But there are still $135,229 preemptively traded by two unknown arbitrage robots.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.