Coindash website hacked, scammers already have 43k ETH

[Babayega31]

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

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.

[European Central Bank]

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

[Script3d]

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

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

[One Man Band]

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

[OneNattyLitecoin]

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.

[martyroz]

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

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

[lonelygrimm]

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

[garet]

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...

[EthBooksPro]

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!

[dE7ERV]

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

[Nascor]

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

[Who_]

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

[JeffBrad12]

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

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.

[kynaz]

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

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

[kryptqnick]

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

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

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.

[ICO INVESTOR]

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

[okinawa]

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

[posternat]

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.

[garet]

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

[ox1337]

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