CoinDash: Crypto Hacker Returns 20,000 Stolen ETH
CoinDash has announced that a hacker who stole more than 43,000 ether tokens (ETH) from the firm’s initial coin offering (ICO) last year has quietly returned a majority of the funds to the company.
The hacking took place on July 17, 2017, a few minutes after CoinDash launched its initial coin offering, designed to improve the social trading platform’s basics.
The hacker, whose identity is unknown, hijacked the site and quickly stole 43,000 ether tokens. The thief still has 13,400 ETH token (worth $ 11.6 million using today’s price), which was originally ripped off.
We do not know who the hacker is or why he returned the money. Israel-based CoinDash told the Counter-Terrorism Unit in Israel and said it would continue to investigate the incident.
The company said the launch of its product was still on schedule and noted that “this incident will not jeopardize the company’s plan and commitment in our community.”
“Similar to the hack itself, the hacker’s actions will not prevent us from the realizing our vision, CoinDash product launch will take place next week as originally intended”, CoinDash CEO Alon Muroch said in a statement.
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