CoinDash's Token Sale (ICO) Website Has Been Hacked

Paterniano Del Favero
Luglio 18, 2017

Initial Coin Offerings are an popular way to funding an app on ethereum, and some ICOs have raked in millions of dollars within minutes. The company posted its Ethereum address on its website and encouraged investors to start sending in their ETH.

At the time of publication, the CoinDance website has been shut down, and the project is asking investors who have been affected to submit information to the provided link to collect the CoinDash token (CDT) they should be rewarded through the sale. One Twitter feed @Coindash_ico is still active and advertising a site that investors should be forewarned is not a website associated with CoinDash.

In a statement on its website, the platform apologized, admitting that a "hacking attack" took place during the event by an unknown perpetrator, resulting in the loss of millions in ethereum, also known as ether (ETH). As Ethereum is like Bitcoin, transactions are traceable and CoinDash can see that around 43,438 ether has landed in the hacker's wallet - this now equates to around $7.4 million. The startup said that it had secured $6.4 Million from early contributors and whitelist participants. Coindash_tech, another account, has been suspended, but not before it tweeted several times directing CoinDash investors to send Ether to an address that, according to Etherscan, contains under 0.3 Ether.

"It is unfortunate for us to announce that we have suffered a hacking attack during our Token Sale event", CoinDash said in a statement.

"This was a damaging event to both our contributors and our company but it is surely not the end of our project", the company says. "We are looking into the security breach and will update you all as soon as possible about the findings" CoinDash said. However, there is no evidence to suggest any foul play on the part of CoinDash.

"MJ Dillon, if you don't know how it will be done why are you making false assumptions then?" "Arrogance and security by obscurity always seem to go hand in hand".

Altre relazioni OverNewsmagazine

Discuti questo articolo