Poor Key Management
Private key leak, hot wallet
Bancor is the first decentralized trading protocol, empowering traders, liquidity providers & developers to participate in an open financial marketplace with no barriers to entry. No one needs permission to use the open-source Bancor Protocol. The Bancor platform theft was related to the BancorConverter contract, and the attacker (hacker/mole) is very likely to get the private key of the 0x009bb5e9fcf28e5e601b7d0e9e821da6365d0a9c.
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