HACKED: InsureX ICO Hacked During the First Hour of Crowdsale
What Happened?
There have been numerous reports online that late last night InsureX's website chatbox was hacked and nearly 100 people lost their contributions to the company's crowdfunding campaign.
Sources say that the company has blatantly ignored the compromise and simply fixed the issue and never said a word.
SEE BELOW and you will find the Ethereum Wallet that the hackers pointed the helpless individual's funds to.
As of now the tokens that were stolen only about 550 ETH have been moved from the account into another address then to Shapeshift. This type of event raises concerns for me as regards to trusting that a company's security plans are solid before an ICO. This will definitely have me second guess sending coins the next time.
You can view it for yourself here https://etherscan.io/address/0x469e08716a08590fc906132fba5efb09ebc5d972
Thoughts/Questions
- Does this concern you now going forward about the legitimacy of an address on a ICO's website?
- What other solutions could be deployed to mitigate this sort of thing in the future?
- Do you think InsureX owes a public announce regarding the compromise?
Wow! This could be me 😛
yeah same here bro. I almost decided to join the ICO but pulled out a week ago when the bloodbath started.
bound to happen with the recent mess of ICO's... most of the coins are all vaporware and fairytales.
very true...smh lol