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Author Topic: COINDASH - Future of trading - Token Sale 17th July 2017  (Read 198661 times)
Zoltes
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July 17, 2017, 04:17:21 PM
 #3421

Guys the website is back but it makes me login with my gmail and i enter the beta page
It's their beta app, but better don't use it for now as could be compromised (to steal data) as well as that wordpress landing.
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shade_wrath
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July 17, 2017, 04:17:40 PM
 #3422

Its not their fault .. People are Foolish and selfish .. they only want profits and easy money .. they  just ignore everything and invest without thinking in a race to earn money without efforts.

They use your weakness and greed against you to rob you off your money!!

Another such scam is already ongoing ...  EOS .. hope people will learn from this and make decision more sensibly next time.

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midvidyk
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July 17, 2017, 04:18:07 PM
 #3423

fucking Jews, they fucking me hard  Angry i lost a lot of money in this shit  Angry
probably this is my last ICO !!
Fastpow
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July 17, 2017, 04:18:14 PM
 #3424

The question is will TaaS get their eth back?

https://medium.com/@Taas/taas-invests-500-eth-in-coindash-a-crypto-based-social-trading-platform-14a6055c5fd8

Because if so the people on the white list better get their eth back too

They should be refunded instantly, since the coindash team has the whitelist address ETH total I think anyway.

They should not refund whitelisted adresses as that would be extremely unfair to all other participants. Only 'fair' way to refund some of the ether would be to re-distribute it proportionally to everyone (so including those that send to the fake address from their mainpage).

Other option is issuing worthless tokens to everyone. I guess we're screwed out of at least part of our money either way.

How is it unfair? They have the ETH from those who used the whitelist address! That means they should refund those people/companies. Re-distributing someone elses eth to everyone isn't fair. It belongs to the rightful owners.
They are issuing them worthless tokens to everyone who sent via fake address.  

Luckily I didn't send any ETH cause devs were shady asf today. ICO's lately are just pure scams, waste of time.

It is not fair because it is their fault that people send it to the wrong address. There should be no priority treatment on those whitelisted addresses other than guaranteed participation. Definitely not preference on refunds. They have access to all addresses that participated through the logs of the fake address. If they start refunding they should include everyone.
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July 17, 2017, 04:19:17 PM
 #3425

If this shit is true then you guys just fucked Crypto. No way any 'normal' person is ever trusting crypto's again.

Please don't equate ICOs with crypto-currencies. And if people will never trust ICOs again after this, then that is a good thing.
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July 17, 2017, 04:20:18 PM
 #3426

The question is will TaaS get their eth back?

https://medium.com/@Taas/taas-invests-500-eth-in-coindash-a-crypto-based-social-trading-platform-14a6055c5fd8

Because if so the people on the white list better get their eth back too

They should be refunded instantly, since the coindash team has the whitelist address ETH total I think anyway.

They should not refund whitelisted adresses as that would be extremely unfair to all other participants. Only 'fair' way to refund some of the ether would be to re-distribute it proportionally to everyone (so including those that send to the fake address from their mainpage).

Other option is issuing worthless tokens to everyone. I guess we're screwed out of at least part of our money either way.

How is it unfair? They have the ETH from those who used the whitelist address! That means they should refund those people/companies. Re-distributing someone elses eth to everyone isn't fair. It belongs to the rightful owners.
They are issuing them worthless tokens to everyone who sent via fake address.  

Luckily I didn't send any ETH cause devs were shady asf today. ICO's lately are just pure scams, waste of time.

I learned. I will never invest in an ico.. Because 99% the price is after the ico lower so i just buy coins/tokens if i see company dev make good job..
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July 17, 2017, 04:21:28 PM
 #3427

Here is official announcement from official website CoinDash
"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"
Praxis
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July 17, 2017, 04:22:04 PM
 #3428

The question is will TaaS get their eth back?

https://medium.com/@Taas/taas-invests-500-eth-in-coindash-a-crypto-based-social-trading-platform-14a6055c5fd8

Because if so the people on the white list better get their eth back too

They should be refunded instantly, since the coindash team has the whitelist address ETH total I think anyway.

They should not refund whitelisted adresses as that would be extremely unfair to all other participants. Only 'fair' way to refund some of the ether would be to re-distribute it proportionally to everyone (so including those that send to the fake address from their mainpage).

Other option is issuing worthless tokens to everyone. I guess we're screwed out of at least part of our money either way.

How is it unfair? They have the ETH from those who used the whitelist address! That means they should refund those people/companies. Re-distributing someone elses eth to everyone isn't fair. It belongs to the rightful owners.
They are issuing them worthless tokens to everyone who sent via fake address.  

Luckily I didn't send any ETH cause devs were shady asf today. ICO's lately are just pure scams, waste of time.

I learned. I will never invest in an ico.. Because 99% the price is after the ico lower so i just buy coins/tokens if i see company dev make good job..

Good,  you learned a lesson. Sadly not many people are like you... many will run to the next ICO in 1 week claiming "this time it's different! this next ICO world supercomputer VR AI crypto operating system is the real deal!"
CrackDown
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July 17, 2017, 04:23:09 PM
 #3429

let me think about this situation clearly,

1. i make announcement " hey everybody, i will launch the ico, this is the apps we would use ( going to hire some ultra beginer developer to make beta apps ) "
2. i advertise my ico launch date
3. when ico date comes, i make a new eth wallet in MEW then i put it on website.
4. i watch the eth coming to my New Eth wallet i just made
5. when i check it reach 7 million and i feel its enough for me i write in ann thread and twitter " hello my fellow supporter and investor, our website is getting hacked and hacker put his address on it "
6. i let people reacting...screaming...
7. i announce to people " hei my fellow supporter and investor, dont worry we will send you our token even if you send it to hacker address ( the fact its also my address )
8. i act like a hero who put my money on this project because of hacker.


this is just my negative though

however we did not know what is really happened, right now


This is scary indeed and would make sense. That would make their life a lot more easier. Because there are no obligations anymore, just some kind of volunteer job?


it just comes up to my head any scenario could be possible in this situation,...the only people who knows the truth is coindash team, if it is hacked they can track the logs..etc..
Zoltes
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July 17, 2017, 04:24:28 PM
 #3430

Agree that it was one of the worst managed icos (and the lack of the communication now make it even worse), but I don't think it was scam. They could just increase the cap and would raise the same amount without devaluating their coins.
PowerHemp
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July 17, 2017, 04:25:46 PM
 #3431

The question is will TaaS get their eth back?

https://medium.com/@Taas/taas-invests-500-eth-in-coindash-a-crypto-based-social-trading-platform-14a6055c5fd8

Because if so the people on the white list better get their eth back too

They should be refunded instantly, since the coindash team has the whitelist address ETH total I think anyway.

They should not refund whitelisted adresses as that would be extremely unfair to all other participants. Only 'fair' way to refund some of the ether would be to re-distribute it proportionally to everyone (so including those that send to the fake address from their mainpage).

Other option is issuing worthless tokens to everyone. I guess we're screwed out of at least part of our money either way.

How is it unfair? They have the ETH from those who used the whitelist address! That means they should refund those people/companies. Re-distributing someone elses eth to everyone isn't fair. It belongs to the rightful owners.
They are issuing them worthless tokens to everyone who sent via fake address.  

Luckily I didn't send any ETH cause devs were shady asf today. ICO's lately are just pure scams, waste of time.

I learned. I will never invest in an ico.. Because 99% the price is after the ico lower so i just buy coins/tokens if i see company dev make good job..

Good,  you learned a lesson. Sadly not many people are like you... many will run to the next ICO in 1 week claiming "this time it's different! this next ICO world supercomputer VR AI crypto operating system is the real deal!"

I dont invested here.. I was hours before ico start here to warn people not investing.. And than this happens xd
Praxis
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July 17, 2017, 04:26:23 PM
 #3432

Agree that it was one of the worst managed icos (and the lack of the communication now make it even worse), but I don't think it was scam. They could just increase the cap and would raise the same amount without devaluating their coins.

Dat Stockholm Syndrome  Cheesy
rouhaud
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July 17, 2017, 04:28:08 PM
 #3433

let me think about this situation clearly,

1. i make announcement " hey everybody, i will launch the ico, this is the apps we would use ( going to hire some ultra beginer developer to make beta apps ) "
2. i advertise my ico launch date
3. when ico date comes, i make a new eth wallet in MEW then i put it on website.
4. i watch the eth coming to my New Eth wallet i just made
5. when i check it reach 7 million and i feel its enough for me i write in ann thread and twitter " hello my fellow supporter and investor, our website is getting hacked and hacker put his address on it "
6. i let people reacting...screaming...
7. i announce to people " hei my fellow supporter and investor, dont worry we will send you our token even if you send it to hacker address ( the fact its also my address )
8. i act like a hero who put my money on this project because of hacker.


this is just my negative though

however we did not know what is really happened, right now


This is scary indeed and would make sense. That would make their life a lot more easier. Because there are no obligations anymore, just some kind of volunteer job?


it just comes up to my head any scenario could be possible in this situation,...the only people who knows the truth is coindash team, if it is hacked they can track the logs..etc..

WHat an ICO... It's sad for the project either way,
hope the team will work harder on the project to make us forget this incident

<a href="https://allcoins.pw/?ref=552446"><img src="https://allcoins.pw/img/728x90.png" alt="Allcoins.pw" /></a>
Melodize
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July 17, 2017, 04:28:22 PM
 #3434

All eth trading should be halted and a rollback done. it is the only fair solution. but only EthHF  not Etc

As someone caught up in this, that makes no sense. Rolling back the entire blockchain for 7M because all of us were too complacent to do full due diligence is nonsense. While the team here should have done better and I'm not blaming everyone else as the primary cause, it's not like this was a contract flaw or something. We just sent money to an address immediately out of FOMO, and as much as it sucks that's just what happens when you take a risk and don't thoroughly vet something.

Edit: This also doesn't make sense as an inside job if they refund the tokens. If that was the plan it would be smarter to let the ico close, dump their own Cdt and take all of the ETH. If youre going to steal 7m you might as well steal more, I can't imagine your moral compass stops at 7m worth of theft.

sure it does if you want to play the clean hero and continue to the next project in 6 months.. by then no one will remember. no one remembers that just 3 years ago the founder was working at Gemz.. short memory people have , plus the two words Due diligence are words people know nothing about.
midvidyk
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July 17, 2017, 04:29:00 PM
 #3435

Over $7m stolen today! I almost contributed but the font looked weird. How do we know that the fucking Jews didn't plan this?
and Taas also fucked up with 500 ETH. fuck off!!! never trust in motherfucking jews.
Praxis
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July 17, 2017, 04:29:21 PM
 #3436

Here is official announcement from official website CoinDash
"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"

If I was one of the early investors in this Ponzi scam ICO (those who sent to the right address) I would be pretty pissed because the fact that people will get tokens even though they didn't send anything to this project (to the actual address), effectively devalues  the tokens I would be holding by more than 50% (since the right address raised less than the fake one). In a way, the people who sent to the right address will pay a huge invisible tax in order to "finance" the refund to the scammed people. The company didn't lose anything folks... they can issue as many imaginary tokens as they want. It's the people who invested that lost, especially the ones who sent to the right address.

Am I wrong?
C The Saint
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July 17, 2017, 04:30:13 PM
 #3437

The question is will TaaS get their eth back?

https://medium.com/@Taas/taas-invests-500-eth-in-coindash-a-crypto-based-social-trading-platform-14a6055c5fd8

Because if so the people on the white list better get their eth back too

They should be refunded instantly, since the coindash team has the whitelist address ETH total I think anyway.

They should not refund whitelisted adresses as that would be extremely unfair to all other participants. Only 'fair' way to refund some of the ether would be to re-distribute it proportionally to everyone (so including those that send to the fake address from their mainpage).

Other option is issuing worthless tokens to everyone. I guess we're screwed out of at least part of our money either way.

So what you're saying everyone should lose then? You can't proportionally refund people as people who did nothing wrong will then still be penalised.

If they issue worthless tokens to everyone, everyone loses so what's the point? Might as well be one positive outcome
Zoltes
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July 17, 2017, 04:30:47 PM
 #3438

Transactions sent to any fraudulent address after our website was shut down will not be compensated.
I guess they mean "any other address than was shown on the site before". As the transaction isn't executed immediately, so lots of them were after the site was shut down.
AngeloMike
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July 17, 2017, 04:34:37 PM
 #3439

EPIC SCAM - CONGRATULATIONS FOR THE TEAM  Cool

Now whitelist takes BAGHOLDERS  Kiss

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July 17, 2017, 04:36:00 PM
 #3440

Here is official announcement from official website CoinDash
"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"

Good luck developers and don't let your investors down because they trusted you and your project for their hard earned money.
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