Hackers Just Stole $10 Million Ethereum( Cryptocurrency Heist)
Hackers hijacked cryptocurrency trading platform CoinDash on Monday just as it was in the middle of its initial coin offering, or ICO. It’s the first known breach of an ICO, this season’s hottest fundraising method.
CoinDash, an Israeli startup, planned to raise capital by selling its own digital tokens in exchange for the cryptocurrency Ethereum, which is similar to Bitcoin. But just 13 minutes into the token sale, which began at 9 a.m. ET Monday, an “unknown perpetrator” hacked CoinDash’s website and changed the address for sending investments to a fake one, the company later announced on its website. That diverted millions of dollars in contributions to the attacker.
“Reminder: We are still under attack. Please do not send any [Ethereum] to any address, as the Token Sale has been terminated,” CoinDash said in the statement.
source; Various news
https://www.coindash.io
http://fortune.com
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How sad. I hope they will recover soon. thanks for sharing
The incident is likely to put a damper on the enthusiasm surrounding ICOs
CoinDash promised to dispense out its tokens accordingly to who participated in the ICO before it was shut down. But they will have to bare huge losses all the way .
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Same