Bitcoin Forum

Looks like the ICO website for coindash was hacked after they assured people in slack the website would be the only trusted source of the ICO address. The scammers have received over 7 million dollars now.

Lol source?  Have they confirmed they lost all their eth?  Are they going to continue the project?

Enjoy reading ... https://bitcointalk.org/index.php?topic=1894530.3300

They announced it on Slack & Twitter.

https://twitter.com/coindashio/status/886936799695818752

Here is the compromised (fake) address:

https://etherscan.io/address/0x6a164122d5cf7c840D26e829b46dCc4ED6C0ae48

More than 43,000 ETH and counting.

Starting with a right step  :D

Already a scam before ICO starts.

The hacker has already made more than the actual address. http://cryptocoindaddy.com/coindash-website-hacked/

Will the hackers selling these ETH coins and cause the price of ETH dumps a lot? The market is not active recently and this event will bring even bad effect. I hope some can do something to stop this hacking happen again.

Terrible, not sure if I buy into that story.
Very often it is an inside job. I hope investors will receive a refund !

Coindash still to the moon when it releases? I'm going all in now...buy low sell high my friends

Let us be patient, they will make an announcement regarding the hack, they said everyone will get their tokens.

Haha i knew it was a scam! Check my post history!

classy.. ahaha

classy. ahaahahhahaha
how do you *REFUND something you dont have. funds went to the ether***

What a pitty for coindash investors , like me . >:( >:( >:(

Its a very sad news it has been hacked. My friend also told me the same.

I'm not as experienced in crypto as most of you, but I've gone into every ICO expecting to never see that money again.  Just like the cash I take to Vegas.  It's surprising to see how so many people are shocked when things like this happen.  There are no regulations, no escrow accounts typically used, very minimal information, and in most cases there isn't even a product for sale just an idea. 

We cant really say anything but i guess there are also some sort of understanding where how could they get hacked or maybe this is just a reason or a big lie to scam the money of the investor in the ico they know that it us really a big amount so they can easily manipulate but if its really a hacked i guess too bad for the investors.

Will we see an Ethereum Classic II as a result of a potential future ETH crash when all those stolen Ethereum are liquidated?

http://www.ruleof5.com/uploads/1/3/6/2/13629805/1430196164.png

iam not believe if coindash hack, and 43k balance lost
i think only manipulation and trick to run money

if true hack, dev is not compatible not experience to safe capital money investor

Yap, this is dubious. ICO just started tomorrow and now this happening. This thing happening so fast or that hacker is smart for waiting the ICO launch then steal a big bag with full of money. This is show us how poor coindash security for secured their site

Its all part of cover up to send shitcoins with no potential value to people as part of commitment. Coz there is no longer a product that exist for which these coins are sold.

With product comes value to coin, not coin give value to product. when will people understand the logic. They are dying to get those CDT shitcoins in hope to sell it off. GHEEZ

If these is the case then we shouldn't trust our money for unprofessional team and how could we spend our money on them while they've got compromised already.

And I feel pity to their supporters who bought for so early since I think their money is been hold and maybe there are chances that they cannot get it back.

All too easy. They should've included a video with the address so people could check.

yeah might be a excuse to run the money off but we are not sure if its the devs are behind this hack there is a chance devs are behind this hack , if its not then the devs are terrible at securing the wallet and storing them at the safe place

but surely the CoinDash admins should have noticed that no ETH was coming into their real account after the ICO was opened?

Right? Unless this was executed in 10s of seconds, then it seems like most of the damage could have been mitigated . I'd imagine all eyes are glued to the legitimate address upon release.

Looking at the .csv, 80% of funds were transferred within the first ten minutes.

they want to create a new brand of future trading right ? how can they protect people balances if they can't keep their site security safe for only the ICO ?? I'm not judging they are scaming or not, but their reputation already got bad, it's too hard to gain people trust after this

That's a very good point. But considering how the market is with everyone wanting to get rich quick, I can imagine this may be quickly forgotten...

From the way I understand it, the hacker replaced the official Coindash ICO address with his own ETH address. How Coindash failed to notice that something was amiss is still a mystery. The big losers are the guys who sent ETH after the Coindash website was shut down. They will not be compensated!

Coindash said that they would compensate the members who send ETH to the wrong address - they would still receive their tokens.

It's not something you expect to happen during the first minute of your ICO..
You can't keep your eyes everywhere at the same time

the team didn't implement best practices during the ICO

There are security "guidelines" that have to be followed and they simply ignored them during the ICO

If they didn't have the know-how they should have entrusted a third party to complete the sale

Hey guys,

How would it make you feel if you contributed to the case?

I'm asking you guys for questions that are relevant to the hack and the situation here:

https://bitcointalk.org/index.php?topic=2037574.new#new

Why?

Because I'm having an interview with them and I want to know what you guys want to know!

Here's what you can expect:

Answers to relevant questions!

Here's how you can help:

A) Go to the topic and give a question
B) Go to the topic, copy the link, and share it with somebody that invested in CoindDash's ICO
C) If you don't care, please understand that i am just trying to create value as a journalist :)

Here's the link again:

https://bitcointalk.org/index.php?topic=2037574.new#new

The team of coindash is really sucked, They can't be secured the simple homepage from the scammer.  A lot of people are losing the money in the coindash crowdsale. The team is without any experienced in security, the project is useless because i don't need CDT. I can trade the real asset rather than choose fake asset such as CDT.

The ICO CoinDash project focuses on web site design but forgets about its security, which is the worst for a large investor, $ 7 million stolen. I think this is the worst attack in all ICO projects

Unfortunately, I guess there are more and more of such cases. I read their official letter to users. I think they are not really planning to reimburse the money. At least, definitely not all of it. This is the second time a lot of eth gets stolen. The first was with ethereum-wallet.net and in that case we got 40% of money and that's it. People suspect the owners there as well. I am starting to hate this coin.

it's bad for the cowdfunding space, that's the disadvantage of decentralized system, most regulatory bodies are watching to jump regulate the cryptocurrency, especially ICOs

It is really sad for all the Token sales participants, even if they give back the money, the project reputation is already ruined.


The price is going to be worthless on exchange... I am glad I didnt join this ICO

Well it's a good thing that they didn't steal anything of value. At least they're only stealing eth. $43,000 worth about let's eat what nothing because no one actually touches that at all. Oh maybe we should Fork it off into a couple of more coins and then somebody'll actually do something with it oh no they won't because we already tried for it get it and it to coins and no one cares about you either one of those.

Has there been any resolution to this or is it still ongoing?

Has anyone mentioned that there is a project better than CoinDash already in development with a very small marketcap?

EquiTrader   EQT

Doesnt hurt to check it out

 I been in bounty campaigner in coindash I seen this but if the ethereum really gone to hackers account based on my uderstanding it's possible to understand trace the transaction address finally where it went and in which account its converted as fiat if blockchain prospective world is very small.

What will happen to the Ether price when the hackers will sell 43k ETH? For me that means the price will go down. Would be a good time to buy new ETH

FAKE news

Fake news that they got hacked?

In any case they have promised information from police investigations. Have to see if this happens and if the information is verifiable or not.