Enigma Hacked; Over $470,000 in Ethereum Stolen

[somacoin]

Well there's a good chance to get the Hacker.

He/she/it moved 676 Ether of the stolen Enigma funds to Bitfinex:

https://etherscan.io/address/0x4c70bb26126baa4d973115ee0e30879b33fa35c4

REPORT IT. x-POST it on Reddit.

[mmfiore]

Enigma can t resolve that?  strange and funny for the concept.

OK the Hack is clearly bad... a lot of amount of money disappear. Well, i hope they find a solution. I like them.

[WayneMC]

This is really a PR disaster for a company where security should be absolutely paramount.

Will definitely be thinking twice before participating in an enigma ICO in the future.

The only consolation here is that more money wasn't lost - $470k is chickenfeed compared to some of the recent raids on ICO funds!

Any idea when a re-ICO is going to be?

[Geraldo]

More like Enigma "Hacked". This is ridiculous.. The fact that every ICO scam gets hacked these days, doesnt it make you think that something else is wrong?

[Bitforking]

this is very profitable if the eth is hackable. or there is a back door in its ethereum system?

people should go back to BTC with their ICOs it is good for all parties, especially the small investers.

As hacking could be insiders' job most of the time

[Hui8]

That is not good way to go with this. I use ICO a lot and i know there are trojans moving all around the crypto world. Never thought the number will increase to this extent and we will have to dicuss about the security of the ICO like this. It is not good news for the enigma investors. What happens with thr shareholders ? How they will payback thr money they took from the investors. Is there any security for the funds at least? Does anyone has idea about this. Please let me know.

[roomfirst]

According to this comment by someone on reddit https://www.reddit.com/r/ethtrader/comments/6v0vei/warning_enigma_website_and_slack_probably_hacked/dlwztnt/ Enigma CEO using the same password for all his accounts, that's why the hacker can hack enigma. Once again another hacker on ICO because of stupid things. Are they deserve the second chance ?

[cryptothreads]

This is bad for potential future ICO projects. They need more cybersecurity and hire network security experts to work with their companies, which will limit the loss of large projects.

[Social_Cryptonetix]

Wow, this is kinda scary I mean if slack is that unsecured then maybe people should use something different for their teams etc... 

[trashing]

This is bad for potential future ICO projects. They need more cybersecurity and hire network security experts to work with their companies, which will limit the loss of large projects.

They just need to have better passwords !
Seriously, I don't trust ICOs from companies that give just one ETH/BTC address for your deposit. Some are giving one address per contributor. This is much more secure ! And you can track your transfers. This should be a useful information to display on the ICO schedule websites.

[Sync485]

Is this the same as coindash ?

i wonder this too.  I don't understand how they do this. And did they make a announcement about this hack?

[420_Lord]

People should be more cautious when sending ether and learn from the past.

[pigheadbig]

Feel sorry for the victims and the projects, there are too many scammers around. Hopefully, there is a way to secure ICOs’ fund raising.

It seems this is another coindash event that the hacker stole the eth by replacing the correct contract address with the wrong one. Why not announce the address advance and use the block height to start the ICO crowdsale?

[arpon11]

Ethereum has to do something before things get out of hand. Hackers should be tackle head long in other for the  ico that are using Ethereum token to succeed. Ethereum price has also been limit because of the fear of hackers people that see Ethereum as alternative to bitcoin have changed their minds because of hackers activities on their wallet.

[LouVandetta]

Another hacked ICO.
I thought it was just a rumor, so it was true, huh?

No wonder these few days I always got email notification from slack, all of it was the same email but with different senders.
They always asked us to secure our MEW over their given link. Seems like it was from scammers or hacker.
I hope this thing won't ever happen again.

[nogoodcoin]

once again.  More Ethereum Stolen!

An unknown hacker has so far stolen more than $471,000 worth of Ethereum—one of the most popular and increasingly valuable cryptocurrencies—in yet another Ethereum hack that hit the popular cryptocurrency investment platform, Enigma.

http://thehackernews.com/2017/08/enigma-cryptocurrency-hack.html?m=1

This incident marks as the fifth Ethereum hack within two months, following a theft of:
$8.4 Million worth of Ethereum during Veritaseum's Initial Coin Offering (ICO).
$32 Million worth of Ethereum from Parity's Ethereum Wallet accounts.
$7 Million worth of Ether during the hack of Israeli startup CoinDash's ICO.
$1 Million worth of Ether and Bitcoins heist in cryptocurrency exchange Bithumb.

I am now thinking it's a real hack or just a thief in its own team members.Who knows!

[Fluffy Bunny]

Lol.... probably it will happen again and it's price will drop for like 10-15% like it happened before, but pretty sure it will be just temporary, so brace yourselves

[cellard]

Maybe stop using centralized shit like website based ICOs and slack.

Dumb, lazy and greedy ICO gamblers deserve crap like this.

They will never learn. People want to get rich quick. Me too of course, who doesn't, but the difference is, I put some research on what I buy and I consider the risks.

The problem with ETH and why it will never be a good store of value is because of things like this. Hacks will keep happening. No matter if it's a hack or an inside job.. the point is, tons of ETH will keep getting stolen and dumped into the market, crushing the price. The more ICO's, the higher chance of a lot of ETH getting stolen and dumped, and ETH holders will suffer the consequences.

BTC is way simpler, so things like this don't happen.

[Koadharber]

Maybe stop using centralized shit like website based ICOs and slack.

Dumb, lazy and greedy ICO gamblers deserve crap like this.

They will never learn. People want to get rich quick. Me too of course, who doesn't, but the difference is, I put some research on what I buy and I consider the risks.

The problem with ETH and why it will never be a good store of value is because of things like this. Hacks will keep happening. No matter if it's a hack or an inside job.. the point is, tons of ETH will keep getting stolen and dumped into the market, crushing the price. The more ICO's, the higher chance of a lot of ETH getting stolen and dumped, and ETH holders will suffer the consequences.

BTC is way simpler, so things like this don't happen.

You do have a point because most of ICOs now are basing on ETH platform which the main mistakes on here is those devs who do make store on those tokens on which it do really compromising the price of ETH and the one who should be blame on this hacking incidents are those dev who do make such wallet or storage of those coins.

[janggernaut]

According to this comment by someone on reddit https://www.reddit.com/r/ethtrader/comments/6v0vei/warning_enigma_website_and_slack_probably_hacked/dlwztnt/ Enigma CEO using the same password for all his accounts, that's why the hacker can hack enigma. Once again another hacker on ICO because of stupid things. Are they deserve the second chance ?

If this is true, how come a CEO act like this? Using same password for all his accounts is very very stupid things. This is just like a newbie who doesn't knoew anything how to secure his account.
My advice to all dev, don't use slack again because it's very suspicious for me. Just use this forum to update/chatting with your participants.