CoinDash loses even more: theft tops $10m

  Lamentable Ethereum ICO CoinDash сontinues to incur losses
19 July 2017   1196
Ethereum

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

The news about Ethereum ICO CoinDash continues shaking the community.

As you know, the ICO fell prey to hacker attack on July 17th. The hacker(s) managed to steal about $7 Million hardly had the Token Sale started.

The official CoinDash statement was published on the company’s website concerning  the refund for the investors affected. CoinDash took responsibility for their contributors' losses and promised to send CDTs reflective of each contribution.

Thus, 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, as CoinDash team detailed. 

Unfortunately, that was not the end of CoinDash ICO troubles.

An updated official statement is now out on their website. According to the report, money continues to trickle into an Ethereum address compromised during an Initial Coin Offering as a few prospective investors were still sending ether. As a result, the total lost in the theft has been brought up to around $10m.

Thus, 2,000 investors have now sent a total of 37,000 ethers to the fake address after the Token Sale started. At publication, around 43,500 ether had been sent to the address in total, bringing the value of the theft to just under $10.3m. 

As reported, CoinDash has launched an internet forensic investigation to determine who was behind the hack. The team still tries to keep their chins up:

The only way now is to move forward ... Such malicious attacks will not divert us from developing a product that will make crypto investments more accessible to the public.
 

CoinDash Team on their blog

More information is to be published as the investigation progresses.  

Play2live announced the release of its MVP and a token sale

Blockchain-based streaming platform for gamers release a full-fledged esports streaming service
21 February 2018   20

On February 21 the first blockchain-based streaming platform for gamers, Play2live, opened its LevelUp Coin (LUC) token sale event with a deadline on March 14 at 17:00 UTC along with the rolling out of its MVP. The platform is based on BitShares 2.0, already successfully passed a heavy testing stage with with live matches and streams.

The service is already capable of accepting around 200,000 viewers. A special tournament for CS:GO - CryptoMasters with the world's first prize pool entirely comprised of the virtual currency ($100,000 worth of LUC) is also announced under the banner of Play2live. The event is set to take place in Minsk, Belarus on February 24-25. The broadcast will be arranged in 7 languages - English, Russian, Chinese, Korean, Spanish, Portuguese, and German.

The service also features a voting system during matches using the same LUC. This token acts as an internal currency that can be easily converted to another cryptocurrency or a fiat currency by means of the Play2live's API.

The company itself was established in 2017. Its purpose is to merge blockchain technology and streaming service to provide all the participants of the streaming process a seamless platform for prioritizes interaction and encourages the diversity of monetization schemes. It is reported that Play2live will have up to 15 sources of revenue.

On February 21 at 17:00 UTC CEO of Play2live opened the token sale with a Q&A stream session with topics concerning the update of P2l, product and sale related matters.