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ICO Problems: Double-check Where You Are Sending Your Money To

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ICO Problems: Double-check Where You Are Sending Your Money To

Post by Vladdirescu on Thu Jul 20, 2017 10:00 pm

Soon after the launch of its Initial Coin Offering (ICO), CoinDash, a startup that supposed to create a social trading platform for crypto-markets, has announced that it was attacked by hackers and lost over $7 million in Ether.

The CoinDash team stated that hackers managed to break into the system and placed a malicious Ethereum address on CoinDash’s crowdsale web page. As a result, more than 2,000 backers have sent their funds – 37,000 ETH – to the fraudulent address.

Read the full article: https://coinidol.com/ico-problems-double-check/


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