Cybersecurity incident
Date: 2018-07-09 00:00:00
Affected organization: Bancor
Affected country: Switzerland
Industry: Finance and Insurance
Event type: Exploitive
Event subtype: Exploitation of Application Server
Motive: Financial
Actor: Undetermined
Actor type: Criminal
Actor country: Undetermined
Description: Token creation platform Bancor goes offline following a "security breach" that sees the platform lose millions of dollars worth of cryptocurrency. The company lost roughly $13.5 million in the hack and the value of the coin quickly drops 14%.