Coindash ICO hacked! 😨 $7 Million worth of ETH lost! 💰 What now?
The Coindash ICO ended before it could even start! Due to a hack to the official Coindash website, about $7 million was lost due to ICO investors sending their coins to the wrong ether address.
Because Coindash actually was one of the ICOs I was looking to invest in, I was online on the slack channel at this time and could watch the whole thing unfold.
At around 13:00pm GMT (3:00pm CET) the official start of the ICO was announced on the official Coindash slack:
Just 3 minutes later this message popped up:
First I thought this was a joke. Luckily I didn't invest yet at this time. But then the next message came in after a few minutes:
Of course I didn't want to invest at this moment before everything clears up...
...only to see the ICO end without me investing one dime (was still waiting for an official announcement).
The official announcement followed about 2 hours later at 16:30pm GMT:
Dear CoinDash contributors,
It is unfortunate for us to announce that we have suffered a hacking attack during our Token Sale event. During the attack $7 Million were stolen by a currently unknown perpetrator. The CoinDash Token Sale secured $6.4 Million from our early contributors and whitelist participants and we are grateful for your support and contribution.
CoinDash is responsible to all of its contributors and will send CDTs 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.
This was a damaging event to both our contributors and our company but it is surely not the end of our project. We are looking into the security breach and will update you all as soon as possible about the findings.
The CoinDash vision, product and team will continue to live on. We will be fast to recover and we will create the future of trading.
Reminder: We are still under attack. Please do not send any ETH to any address, as the Token Sale has been terminated.
More information will be published on our social channels and our website.
-CoinDash Team
It was a matter of time before something like that happened.
ICO providers should ensure that their website is secure before even thinking about doing any form of crowdfunding :/
Scary that it can go so wrong!
woow! what a hack! really sad story :'( I invested and am nervous now. We will see what will go on..
upvoted, followed!
check out my profile, too. fetmom - real estate investor and donator!