CoinDash website hacked, $7 million worth of digital currency, Ether, stolen in just three minutes

Briefing

CoinDash website hacked, $7 million worth of digital currency, Ether, stolen in just three minutes

August 18, 2017

Briefing

  • CoinDash’s Initial Coin Offering (ICO) – CoinDash’s big fundraising round using Ether scheduled on July 17, 2017 was hacked
  • Ethereum Wallet Address – Hacker changed address in company's website, redirecting cryptocurrency from CoinDash to own wallet
  • Current Investigation – Stolen Ether still in wallet waiting for collection, while people who purchased coins are asked to fill out forms to assist investigation
  • Next Steps – While waiting for final results of investigation, CoinDash takes responsibility and will issue tokens to victims

Accelerator

Sector

Information Technology

Organization

CoinDash

Source

Original Publication Date

July 17, 2017

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