COINDASH - Future of trading - Token Sale 17th July 2017

[cryptovn83]

What the hell happened here? For how long the fake address was up on the website?

The website is shutdown now. And I only know that $7.1 mil gone!

[1713591997]

1713591997

[Fastpow]

CoinDashers, soon we will get the site back and release our official announcement about what just happened

Everyone who participate, both with the right & fraud address will get his CDT

Pleases be patient as we are trying to make things clear

Pleases? Really? What a bunch of amateurs you are. And you expect people to actually deposit funds to a trading platform when you can't even protect a simple front-page from hacks?

I'm still skeptical but if this is true, no need to really be a dick here. If it's not a scam they're probably working overtime to try to assuage fears and a typo on bitcoin talk is an absurd thing to get pissed about. Again though, this only stands so long as they keep their word.

While the hack will definitely cast a shadow over the ico and lower the initial price short term, I also think that if they handle this appropriately in the next few hours and reallly deliver, the long term value will remain. I won't lie and say I wasn't planning on potentially selling ico coins when they hit the exchange, but I also liked this project enough such that I plan to buy back in once the initial exchange dump happens to hold long term if they can fix this mess.

Would it decrease the value? Think about it; a hacked company which refunds money out of their own pockets. The down side is that they got hacked initially and that harms their trustability.

They are not refunding money though. There refunding tokens that are not worth jack shit if people can't trust the security of their platforms. If they were to refund the 7 million in ether then sure, maybe people could start moving past it. For now they're refunding us with worthless tokens.

[shade_wrath]

FOOLISH  ... Why people still expect so much and look forward to getting coins ? Even if you get coins what will be its worth .... do you think this company can cope up that big loss and carry out the development plan as per there published agenda.

Ask for REFUND. Period. We don't need another shitcoin in market.

[Awesomist]

Either way project is dead and the value of the tokens will decrease once it hits exchanges anyway.

[davy2017]

Almost invested in this as my first ICO but got cold feet after researching... glad I trusted my gut but feel bad for those who lost.

Even if they give you the tokens, I suspect this incident will scare enough investors away that they will be fairly worthless.  Hope I'm wrong.

The "correct" address is up on their Twitter now, but I can't imagine anyone sending them any money after this.

[feedmemoar]

there was a warning on the forum but propably no one even notice that https://bitcointalk.org/index.php?topic=1905500.msg20159646#msg20159646

and the trophy scam of the year goes to......

[FlorentineNobleman]

We need Vitalik or the Ethereum Alliance or both to step in because otherwise ETH will dump and nobody will ever buy any ICO which equals death of Ethereum.

[Hyakku]

CoinDashers, soon we will get the site back and release our official announcement about what just happened

Everyone who participate, both with the right & fraud address will get his CDT

Pleases be patient as we are trying to make things clear

Pleases? Really? What a bunch of amateurs you are. And you expect people to actually deposit funds to a trading platform when you can't even protect a simple front-page from hacks?

I'm still skeptical but if this is true, no need to really be a dick here. If it's not a scam they're probably working overtime to try to assuage fears and a typo on bitcoin talk is an absurd thing to get pissed about. Again though, this only stands so long as they keep their word.

While the hack will definitely cast a shadow over the ico and lower the initial price short term, I also think that if they handle this appropriately in the next few hours and reallly deliver, the long term value will remain. I won't lie and say I wasn't planning on potentially selling ico coins when they hit the exchange, but I also liked this project enough such that I plan to buy back in once the initial exchange dump happens to hold long term if they can fix this mess.

Would it decrease the value? Think about it; a hacked company which refunds money out of their own pockets. The down side is that they got hacked initially and that harms their trustability.

They are not refunding money though. There refunding tokens that are not worth jack shit if people can't trust the security of their platforms. If they were to refund the 7 million in ether then sure, maybe people could start moving past it. For now they're refunding us with worthless tokens.

That is why they need to do something to make them have a worth.
Reduce the 12million cap, to 3million now that they've lost 7million. Devs shouldn't be trusted with any more than that.
Burn some tokens, out of the security developers wallet would be the best start since he is shit   this will help with weighting out the negative news and hopefully create a stable demand when listed on an exchange.

Burning tokens would help, but don't get me wrong, I agree with everyone else that the value is definitely going to be impacted short term. However, the reality is that most of these ICOs, including the responsible ones, are raising multiples of what any comparatively sized startup in Silicon Valley raises at their stage of growth. There's no way a team this small at this stage should have a burn rate of 1M+ a month, so rationally speaking the next six months to a year are pretty much going to go as though the hack never happened.

That said, it's not like crypto markets behave rationally, so I don't expect that to be the general outlook. On top of that, it's not even crazy not to trust a trading platform that can't secure their own shit, so I'm not entirely hopeful that this project survives this, just pointing out that there is a way where they still can succeed, but it's going to be a Herculean task to pull off and I'm not sure they're up for it.

[zhangli]

We need Vitalik or the Ethereum Alliance or both to step in because otherwise ETH will dump and nobody will ever buy any ICO which equals death of Ethereum.

THE next DAO

[turquaise]

We need Vitalik or the Ethereum Alliance or both to step in because otherwise ETH will dump and nobody will ever buy any ICO which equals death of Ethereum.

they are doing something they have marked their wallet as FAKE_Coindash.

but if they do something, i think ethereum will not be non governance anymore  

[abonarea]

If this hacking was not appearing till now the whole target had been achieved successfully as many people were expecting to be. It is good that team communicated with people in time to stop them from further losses. It is going to finish successfully within hours once the crowdfunding resumes from where it was interrupted.

[wantangcfftc020]

WTF, how could it be possible. That is really a disaster to the investors. Is that means the hackers send ETH to his address then he can get DCT? That is funny.

[crypto_unicorn]

CoinDashers, soon we will get the site back and release our official announcement about what just happened

Everyone who participate, both with the right & fraud address will get his CDT

Pleases be patient as we are trying to make things clear

I hope this is true.....

[shade_wrath]

as their Title said ... Future of Trading ...   ... that will be Future of Crypto with cons like these!!!

Sorry guys for your loss ... I warned you this very evening!!!!!

[oliviajizz]

damn, wtf guys. just saw the news......

[RobbieDK]

If this hacking was not appearing till now the whole target had been achieved successfully as many people were expecting to be. It is good that team communicated with people in time to stop them from further losses. It is going to finish successfully within hours once the crowdfunding resumes from where it was interrupted.

It should be finished already. If they send the tokens to the people who got tricked, it should be done.

[stefanoste]

damn, wtf guys. just saw the news......

which one ??

[jay8291]

damn, wtf guys. just saw the news......

which one ??

website got hacked. $7million stolen

[EvelinkaEvi]

"The Token Sale is done, do not send any ETH to any address. Official statement regarding the hack will be released soon."
From Twitter

[jay8291]

Only if people would have just checked the address if its a contact or not.

But people have habit of Investing Blindly in ICO's. Now Suffer..