CoinDash clarifies the hacking thing

Ethereum ICO CoinDash informs about hackers attack
18 July 2017   4156
Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

Ethereum ICO CoinDash fell prey to hacker attack yesterday, July 17th. 

Now the official CoinDash statement is out on the company's website

The CoinDash Token Sale secured $6.4 Million from early contributors and whitelist participants, but, unfortunately, $7 Million were stolen during the attack. The perpetrator's identity hasn't been established yet. 

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

As reported, 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 the website, and sent ETH to the CoinDash.io official address will receive their CDT tokens accordingly.

However, transactions sent to any fraudulent address after the website was shut down will not be compensated.

Despite all the difficulties, the CoinDash vision, product and team will continue to live on, CoinDash Team assures, and the company hopes for fast recovering. 

This was a damaging event to both our contributors and our company but it is surely not the end of our project ... We are grateful for your support and contribution.
 

CoinDash Team

Please, pay attention to the fact that the site is still under attack. That's why CoinDash Team asks its contributors not to send any ETH to any address, as the Token Sale has been terminated. 

More information is to be published as the investigation progresses. 

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.