Audits and Quality Assurance: Patching the Holes in Smart Contract Security96.09

On July 10, 2018, news broke that cryptocurrency wallet and decentralized exchange Bancor was hit with a hack. A wallet the Bancor team used to update the protocol’s smart contracts was infiltrated, and the $23.5 million vulnerability allowed the hackers to run off with $12.5 million ETH, $1 million NPXS tokens and $10 million of Bancor’s BNT token.

Following the hack, the Bancor team froze the BNT in question in an effort to stanch its losses.

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