Ethereum ICO CoinDash hacked: $7m stolen

Ethereum ICO CoinDash has been hacked: $7m being stolen so far
17 July 2017   4505
Ethereum

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

Hardly had the Ethereum Token Sale CoinDash started (today, July 17th), the website has been hacked, reports CoinDash team on their blogs on Twitter and Facebook.

CoinDash warns the potental investors and tries to prevent them from participating in Token Sale until further official announcements will be made.

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

The information on reddit.com allows to guess that it is very likely that scammers hijacked the website by calling domain registrar pretending to be CoinDash team. As reported, hackers changed the ICO address to their own and have stolen $7 Million so far.

According to the company, the site is to be get back soon and CoinDash is to release their official announcement about what just happened. Everyone who participated, both with the right address & fraud address will get their CDT, CoinSash detailed. 

Australian Company to Issues Crypto Backed Loans

In case of default, financial company named Helio may sell cryptocurrency to cover losses
10 December 2018   89

Helio from Melbourne began issuing loans secured by cryptocurrencies, Bitcoin.com reports.

The service allows Helio clients to borrow from 1000 Australian dollars ($ 720) on the security of cryptocurrency assets. At the moment, the company accepts Bitcoin, Ether, Litecoin and Ripple.

Helio client crypto assets are stored in a secure wallet, company representatives say. In case of default, the company may sell cryptocurrency to cover losses.

Helio has a credit license (ACL) issued by the Australian Securities and Investments Commission (ASIC). As stated by the company's founder, John O’Shy, Helio was the first licensed organization in Australia to launch this service. According to him, the country has a developed cryptocurrency market, however, suppliers who want to provide loans secured by digital assets are not enough.

In June, the Japanese corporation Abic Corporation began to issue loans secured with Bitcoin