Etherparty ICO falls prey to cyber attack

Etherparty ICO falls prey to cyber attack, some funds misdirected to the attacker
06 October 2017   2313

Blockchain startup Etherparty fell prey a cyber attack, some contributors' funds were misdirected to the attacker’s address.

Thus, during the Etherparty's ICO, an attacker successfully injected a fraudulent wallet address into the Etherparty ICO website. As detailed in the official blog, the team spotted the breach almost immediately, and within 15 minutes the website had been taken offline. The website remained down for about 90 minutes while the team rebuilt it and moved it to a new server.

Etherparty claims that it would distribute tokens to any contributors who sent funds to the fraudulent wallet address prior to the website takedown.

Our team has been consistently and successfully thwarting potential security issues to avoid further escalation. However, we do acknowledge and apologize for the temporary disruption to our otherwise successful launch day. Etherparty is eager and committed to compensating all affected contributors for the inconvenience.
 

Lisa Cheng
Founder of Etherparty

Despite the incident, the startup has raised more than $28 million worth of Ether, Bitcoin, and USD so far.

Brave Browser Start Paying BAT For Ads Viewing

Brave browser ICO was launched in 2017 by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich; it raised $35M in 30 seconds
25 April 2019   104

Users of the new Brave browser desktop version will finally be able to participate in the Brave Ads program.

Brave is developed by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich and is positioned as something more than a “ad-blocking browser”. The implementation of this idea is based on Brave Ads.

Users who decide to take part in the program will be able to receive up to 70% of the profits generated by the advertisements shown to them, TechCrunch reports with reference to the company's statement. Awards will be paid in the form of own tokens of the Basic Attention Tokens project (BAT), which users, in turn, will be able to share with the creators of the content they like on the network.

By default, donations to BAT will be transferred to owners of sites that a user visits most often, however, developers plan to realize the possibility of exchanging tokens for awards, such as vouchers for restaurant visits or hotel accommodations. Also, earned advertising tokens can be exchanged for other cryptocurrencies and Fiat through exchanges. If desired, users can continue to use Brave without receiving a BAT.

A lot of users don’t want to cash out [when they receive BAT]. It’s not a huge amount of value for most people, so they may prefer to just use it to give back. And that’s the real idea: A browser with the user steering it is replacing the ad tech complex.
 

Brendan Eich

Founder, Brave

BAT can only be used to reward publishers. Soon with their help, users will be able to buy additional content and, possibly, some products. The ability to withdraw tokens will be realized after the introduction of the user identification system.