Crypto-Trading Startup Bancor Says $13.5 Million Lost in Breach

Bancor, an Israeli startup that facilitates trading in digital tokens, said a criminal made off with a $13.5 million cache, mostly comprised of Ether.

Using emergency protocols, the company managed to freeze an additional $10 million of its own Bancor tokens, known as BNT, limiting damage from the theft on Monday, the firm said in statement on Twitter. The breach occurred in a wallet used for certain contracts, it said, noting investigators are still pinning down details of what happened.