CoinDash clarifies the hacking thing

Ethereum ICO CoinDash informs about hackers attack
18 July 2017   4589

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. 


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 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. 

Karpeles to Face Another 10 Years in Jail

Japanese enforcements agencies blamed Mt. Gox CEO in stilling $3M
12 December 2018   29

Japanese prosecutors blamed the head of the already inactive exchange Mt. Gox Mark Carpeles in embezzling 341 million yen ($ 3 million) from a bank account trading platform. The prosecutors made the corresponding statement in the Tokyo District Court, demanding 10 years of imprisonment for Karpeles, reports The Mainichi.

[Mark Karpeles] diverted company funds to such uses as investing in a software development business for personal interest" and "played a great role in totally destroying the confidence of bitcoin users.

Japanese prosecutors

It is noted that in September-December 2013, the head of MtGox allegedly transferred funds to personal bank accounts, and then invested in the software development business.

Carpeles is also accused of faking the data of the trading system of the exchange for the fabrication of balance sheets.

The deadline for accepting applications from affected investors as part of the civil rehabilitation of Mt. Gox has been extended until the end of December.