CoinDash.io ICO Hacked on Day One
This morning, Coindash.io began day one of their ICO. The ICO has been hacked. Do not send any money to CoinDash at this time. Apparently a hacker(s) were able to change the legitimate address to a fake. The hack "stole" 2130 transactions worth nearly $7.5 million, before CoinDash realized what was happening.
CoinDash wants to reassure all investors that their investment is safe, regardless of which address your funds were sent to.
CoinDash describes their coin like this:
The Coindash platform will enable cryptocurrency investors to manage and analyze their portfolios, share insights about the market and display achievements, as well as copy-trade and receive trading signals.
There official statement was released 15 minutes ago:
Dear CoinDash contributors,
It is unfortunate for us to announce that we have suffered a hacking attack during our Token Sale event. During the attack $7 Million were stolen by a currently unknown perpetrator. The CoinDash Token Sale secured $6.4 Million from our early contributors and whitelist participants and we are grateful for your support and contribution.
CoinDash is responsible to all of its contributors and will send CDTs reflective of each contribution. Contributors that sent ETH to the fraudulent Ethereum address, which was maliciously placed on our website, and sent ETH to the CoinDash.io official address will receive their CDT tokens accordingly. Transactions sent to any fraudulent address after our website was shut down will not be compensated.
This was a damaging event to both our contributors and our company but it is surely not the end of our project. We are looking into the security breach and will update you all as soon as possible about the findings.
The CoinDash vision, product and team will continue to live on. We will be fast to recover and we will create the future of trading.
Reminder: We are still under attack. Please do not send any ETH to any address, as the Token Sale has been terminated.
More information will be published on our social channels and our website.
-CoinDash Team
I feel terribly for the CoinDash team. Going from a moment of elation to catastrophe in mere moments. I can only wonder what this hack will mean for the value of the coin. They were able to amass $6.4 million, before the other $7.5 million was siphoned off, right under the team's noses.
The ICO is now closed.
All gifs courtesy of giphy.com
Hey buddy. It is a sad story since I invested in dash, too. We will se what will go on..
I upvoted and followed you since you truly deserve it !
check out my profile, too. fetmom - real estate investor and donator!
We will have to wait and see @fetmom