News Bancor Hacker Moves Funds

Bancor Hacker Moves Funds


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More than 25,000 eth stolen from ethereum based dapp Bancor has now moved from an address known to belong to the hacker.

About three days ago, 25,500 eth was sent to what looks like a mixer service with the sums split into smaller sums then kind of re-grouped together.

Bancor Hacker Moves Funds
Bancor hacker moves funds, March 2019.

It is unclear whether these are headed to an exchange or whether they can continue to be tracked.

It may be the thief is just trying to obfuscate first, with the funds then perhaps to stay for some time on the new addresses in the hope that everyone stops paying much attention.

Some $23 million worth of eth (at the time) were stolen from Bancor on July 10th 2018.

The “decentralized” exchange apparently had an overriding private key stolen in an unclear way by hackers that remain unknown.

In addition to the 25,000 eth, 3.2 million Bancor (BNT) tokens and another 230 million Pundi X (NPXS) tokens were stolen.

“A wallet used to upgrade some smart contracts was compromised,” Bancor said at the time, giving little further detail.

The stolen funds are closely being watched, but whether the thief can get away with spending them, remains to be seen.



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