Enigma hacked: $500k reported stolen

Enigma Token Offering hacked the same way CoinDash was last month
22 August 2017   1576

Last month, Ethereum ICO CoinDash fell prey to hacker attack and lost more than $10m as hackers managed to change the address on its website.

Now, another project failed to withstand the hacker attack: a hacker managed to compromise Enigma before its ICO in a similar way netting over 1,500 Ether (over $500,000) from the community.

Notable, Enigma, a project started by MIT graduates whose ICO was scheduled for September, did not lose any money itself, as the hacker only managed to reach the company’s website, mailing list, and Slack group:

How did it happen? Some reddit.com users found out that Enigma CEO Guy Zyskind’s email had been accessed by the hacker. Thus, Zyskind’s email, according to the reports, had been "dumped on the internet in the past" due to other services being compromised. Since then Zyskind allegedly has never changed his password, and no two-factor authentication was enabled. Using the email the hackers may have exploited to get access to the Slack channel, Enigma website, and user mailing list.

Being compromised, the Enigma team quickly warned the community of the hacking incident. Still, about 200 transactions were made. At the time of writing, the hacker has already started moving its Ether to various other addresses.

Eventually, this was not the end of Enigma's problems as a bit later the hacker set up a new website in order to try fool even more users: 

The whole situation remains to be investigated, meanwhile the Enigma team calls upon to be vigilant. 

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   41

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.