After losing $23.5 million worth of crypto from their exchange, Bancor announced on twitter that their exchange has begun operation again.
According to the company 12.5 million worth of Ethereum, $1 million worth of NPXS and $10 million of Bancor’s BNT was stolen in the hack. No customers wallets were compromised in the hack, according to Bancor. All the Ethereum that was stolen was from the companies connector balance, which acts as the exchanges reserve. The other stolen tokens were taken from smart contracts “that the breached wallet had access to on the network.”
We are happy to announce that the Bancor Network is back online. We will gradually be adding tokens back to the network beginning with the BNT / ETH converter. https://t.co/zyZKV3TrsA— Bancor (@Bancor) July 11, 2018
In a statement the company addressed the hack with the following tweet.
We want to clarify some things about the events over the last few days: pic.twitter.com/NVINh33EfT— Bancor (@Bancor) July 11, 2018
The company also took down their web app for maintenance but recently resumed its operation.
Bancor Web App is back online. https://t.co/NTzPXimahE— Bancor (@Bancor) July 12, 2018
Overall feedback has been positive for the exchange as some users have praised the exchange for how they handled the situation.
Glad that everyone's funds are safe. The team and moderators handled the situation very professionally— Alon (@Alonnotalone) July 11, 2018
Just want to thank @Bancor for keeping my funds safe! No coins were stolen from my wallet. I can say i can trust their system— Ariel Toledo (@arieltoledo1319) July 11, 2018
Either way, most people were happy to hear their funds were safe and secure.