Breaking: CoinDash’s Token Sale (ICO) Website Has Been Hacked
CoinDash's Token Sale page was tampered with and the Ethereum sending address was changed.
CoinDash, a blockchain startup focusing on cryptocurrency social trading and portfolio management platforms, has just sent out an urgent warning to investors regarding a severe cyber-security breach of its crowdfunding page.
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The CoinDash warning reads:
“This is an emergency message delivered to you in order to stop you from sending your money to an unauthorized ETH address.
It seems like our Token Sale page was tampered and the sending address was changed. Please stop from sending your funds to any of the addresses until we say otherwise.
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We are currently examining the situation and will shortly send further instructions.”
The CoinDash Token Sale only started earlier today (July 17th, 2017), and was supposed to last for 28 days or until the funds raised reach a $12 million hard cap.
Background
In June, Finance Magnates conducted an interview with Alon Muroch, the CEO and co-founder of Coindash. The interview was broadcast live and a video recording is available here:
Like popular social trading services in the forex and CFDs space, the Coindash platform will enable cryptocurrency investors to manage and analyze their portfolios, share insights about the market and display achievements, as well as copy-trade and receive trading signals.
Coindash’s current partners include CryptoCompare and RSK Labs, WINGS, ethere.camp, Antshares and HyperChain Capital. Back in May 2017 Coinsilium Group Limited (NEX:COIN), the London-based blockchain venture investment fund, confirmed that it has completed its investment of $75,000 in Coindash.
Hacked? The CEO’s last project was a scam and so is CoinDash. This is what you get for not doing your DD.
I hope that’s not the case … but they’d honestly have to be fools to have such poor web security that this could happen. So either they are scammers or fools and hence won’t be receiving any funds from my direction.
They just released an update with new details:
http://www.financemagnates.com/cryptocurrency/news/ethereum-worth-7-million-stolen-coindashs-token-sale-ico-hackers/
CoinDash – Hmm – Sign Up and them coins dashed never to be seen again
The CoinDash guys have a past history of scamming people. I can’t believe people fell for their scum ICO. I mean did you look it the white-paper, it was honestly a joke it looked like it was written by a five year old.