Enigma refunds investors after $500k scam [UPDATED]

After $500,000 scam attack in August, Enigma reimburses the investors affected 
26 October 2017   1662

What happened 

A hacker managed to compromise Enigma project before its ICO netting over 1,500 Ether (over $500,000) from the community.

On August 24th, Guy Zyskind, co-founder and CEO of Enigma, makes an announcement to address growing concerns over the hack that resulted in investors being scammed.

Firstly, the man highlights Enigma's gratitude for the support from the community. However, as Zyskind notes, "there’s nothing worse than having people who join our ranks ... fall victim to a malicious act". 

So we are taking responsibility. ... We will restore funds to everyone that lost money in this recent scam attempt after our token sale concludes. We’ve already been in direct contact with some of the affected parties. 
 

Guy Zyskind
Co-founder and CEO of Enigma

Thus, Enigma's CEO encourages everyone who lost funds to reach out to the company with information about themselves and their transactions. 

As far as Enigma's future plans are concerned, Guy Zyskind mentions that the team is to   live-stream their token sale on September 11th in order to remove any doubt about information shared during the token sale.

The present day

Now, on October 24, the project finally reports that the victim recompensation and sale refunding is complete.

As reported, Enigma is continuing to work with those victims who have not yet provided wallet ownership confirmation. The company has already reached out to all those who have submitted a report, and the final deadline for wallet confirmations is the end of the week (October 27th).

In addition, all ETH/BTC refunds from overcontributions during the token sale have been distributed


Conducting a safe and efficient token sale is often a difficult and complex process, and we know there were many elements of the ENG sale process that could have been improved. With the sale now finalized, we continue to reflect on the challenges of our token sale and look ahead to building our protocol, our product and our business successfully.
 

The Enigma Team

The team also stresses that Enigma is dedicated to transparency, honest communication, and execution, and it will continue to demonstrate this commitment and maintain the users trust. 

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Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   196

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.