CoinDash clarifies the hacking thing

Ethereum ICO CoinDash informs about hackers attack
18 July 2017   5544
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. 

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   81

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.