Tuesday, July 18, 2017

How Hackers Stole $7 Million in Ether From Coindash ICO

How Hackers Stole $7 Million in Ether From Coindash ICO

Coindash’s funding page read, “This is an emergency message delivered to you in order to stop you from sending your money to an unauthorized ETH address. It seems like our Token Sale page was tampered and the sending address was changed. Please stop from sending your funds to any of the addresses until we say otherwise. We are currently examining the situation and will shortly send further instructions.”


The token sale was slated to last for 28 days, and intended to raise $12 million. However, after the hacking attempt, the page was summarily shut down by the staff. The hacker had commandeered the website and changed the ethereum address. This allowed the thief to siphon funds from investors, whose ether were originally intended for the Coindash token sale address. The thief’s address was tracked down on Etherscan, and it showed the amount of stolen ether to be worth $7.4 million USD.


Full story at http://bit.ly/2tctsWR


Source: Bitcoin News


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