Cryptocurrency start-up suffers 'security breach,' theft of $13.5 million worth of digital tokens

Cryptocurrency conversion platform Bancor has suffered a “security breach” that saw $13.5 million worth of digital tokens stolen.

The Israeli start-up said Monday that a cryptocurrency wallet on its network had been compromised, leading to the theft of $12.5 million worth of ethereum and $1 million worth of the lesser-known token Pundi X.

Ethereum has shed nearly 7.7 percent of its value in the last 24 hours while Pundi X is down almost 15 percent, according to CoinMarketCap data.

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