Nytro Posted July 19, 2017 Report Share Posted July 19, 2017 Hacker Steals $7 Million Worth of Ethereum From CoinDash Platform By Catalin Cimpanu July 17, 2017 An unknown hacker has taken over the official website of the CoinDash platform and modified an Ethereum wallet address during the company's ICO (Initial Coin Offering). The hack took place today, just three minutes after CoinDash launched its ICO, which is something similar to an IPO. Many startups today use ICOs to raise funds in the form of cryptocurrency. An ICO happens at predetermined dates when companies publish a cryptocurrency address on their websites, and people start sending funds. After the ICO, the company issues tokens in return, which are the equivalent of real-world stocks. The hacker breached CoinDash's website According to a statement published on its website, CoinDash says the hacker took over its website three minutes after the ICO launched and replaced the official Ethereum wallet address with his own. When the company discovered the hack, it shut down its website and announced users about the incident and the end of the ICO. CoinDash.io @coindashio Website has been hacked. 4:13 PM - 17 Jul 2017 CoinDash.io @coindashio The Token Sale is done, do not send any ETH to any address. Official statement regarding the hack will be released soon. 5:39 PM - 17 Jul 2017 The company says it received around $6 million worth of Ethereum in the first three minutes, before the hack. The hacker's Ethereum wallet shows a balance of 43,438 Ethereum, which is around $7.8 million. CoinDash estimates that around $7 million of these funds came from its users. CoinDash will issue tokens to almost all investors The company was hoping to use the ICO money to fund its Ether social-trading platform. In an official statement, CoinDash has agreed to issue tokens to almost all the persons who sent money to the hacker's wallet. CoinDash is responsible to all of its contributors and will send CDTs [CoinDash Tokens] 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. CoinDash is asking investors who sent money to the hacker to fill out this form. There are no other details available about the incident or how the hacker breached CoinDash's systems. The company is still investigating the incident. Image credit: CoinDash CATALIN CIMPANU Catalin Cimpanu is the Security News Editor for Bleeping Computer, where he covers topics such as malware, breaches, vulnerabilities, exploits, hacking news, the Dark Web, and a few more. Catalin previously covered Web & Security news for Softpedia between May 2015 and October 2016. The easiest way to reach Catalin is via his XMPP/Jabber address at campuscodi@xmpp.is. For other contact methods, please visit Catalin's author page. Sursa: https://www.bleepingcomputer.com/news/security/hacker-steals-7-million-worth-of-ethereum-from-coindash-platform/ 2 Quote Link to comment Share on other sites More sharing options...
caii Posted July 19, 2017 Report Share Posted July 19, 2017 Jidanii s-au furat intre ei. CoinDash will issue tokens to "almost" all investors. 3 Quote Link to comment Share on other sites More sharing options...
iulik Posted July 19, 2017 Report Share Posted July 19, 2017 Asta e lucratura evreiasca! 1 Quote Link to comment Share on other sites More sharing options...
QuoVadis Posted July 19, 2017 Report Share Posted July 19, 2017 2 hours ago, ManutaDeAur said: Asta e lucratura evreiasca! http://rentajew.org/ 2 Quote Link to comment Share on other sites More sharing options...
