$12M [82,47,00,000.00 INR] ethereum [ETH] hacked from Bancor [a decentralized liquidity crypto exchange]

Hello friends, In this blog I would like to tell you about recently stolen $12M ethereum from a well known decentralized exchange 'Bancor' which has shaken the crypto world and what Bancor will do now in order to get their money back.

12 million dollars a huge amount which has stolen just a few hours ago has shaken the entire crypto world and is the main reason bcoz of which the price of ETH has also fell down bcoz of this incident. You can see the transaction details on the given below screenshot.

On Twitter bancor has tweeted:
"vulnerability was exploited to steal 25,533 ETH (approx $12 million), $1 million worth of NPXS and $10 million worth of BNT".

In another tweet Bancor stated that "it has identified a security breach and will investigate into the issue". They assured that no user wallet has been stolen and more details on this matter will be updated shortly.

Bancor also stated that they are now “working together with dozens of cryptocurrency exchanges to trace the stolen funds and make it more difficult for the thief to liquidate them”.

Some of the exchanges like Idex also supporting the Bancor to trace the stolen funds. That's the worst day for them hope they will get their money back soon as it is going to affect the price of ETH badly and as a result many people have to suffer becoz of this incident.

Who is behind this incident? No one knows but hope they will soon find them and get their money back.

Thank you

@deva8408