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Bancor

Bancor Discovers Critical Vulnerability, Hacks Itself to Prevent Theft

The newest release of the Bancor decentralized exchange appears to be vulnerable to a very serious bug that can result in a significant loss of user funds.According to the tweet posted by Bancor on June 18, the vulnerability affects the latest version of the BancorNetwork smart contract, which was launched on June 16.Users who traded on Bancor and gave a withdrawal approval to its smart contract are urged to revoke it through a...

Bancor’s Airdrop as First Step to Take Blockchain Out of 1997: Interview

Decentralized exchange project Bancor (BNT) is currently in the midst of launching a massive airdrop to all its token holders. Cointelegraph took the occasion to interview Co-founder and Product Architect Eyal Hertzog, and Head of Growth Nate Hindman. The duo shared their thoughts on the airdrop, existing trends in decentralized finance (DeFi) and Bancor’s upcoming transition to a Decentralized Autonomous Organization (DAO).Engaging the community through an airdropIn November, Bancor announced an airdrop...

Crypto Mogul Moshe Hogeg’s ICOs Have Unusual Patterns, Analysis Finds

  Best-known internationally as the chief executive of the blockchain smartphone startup Sirin Labs, Moshe Hogeg is becoming known for something else in Israel – mounting lawsuits. As reported extensively by regional news outlets, a lawsuit filed in January claims Hogeg misappropriated funds from the sale of new cryptocurrencies for both his own gain and to benefit his investment portfolio, including Sirin Labs....

Bancor Raised $153 Million and Found Actual Users. Why Did Its Price Tank?

The cryptocurrency industry is still grappling with the legal implications of the initial coin offering (ICO) trend of 2017. Two years after the token boom, the value of Bancor’s BNT token is in the dumps – sinking from $4.49 in July 2017 to an all-time low last week of $0.44, according to CoinMarketCap. Yet, the project’s main investors are still holding. For example, Yoni Assia,...
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