Enigma hacked: $500k reported stolen

Enigma Token Offering hacked the same way CoinDash was last month
22 August 2017   2710

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. 

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   107

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.
 

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.