Experty ICO Investors "Robbed" For $150k

Hackers stole email addresses of potential investors and were able to steal money via malicious dispatch
30 January 2018   550

Hackers stole money from investors of another crypto-currency project. This time it is ICO Experty. A few days before the start of the main part of the campaign, scammers stole $ 150,000. This is reported by Finance Magnates.

Their target was one of the organizers who collected information about potential ICO investors. Hackers get the names of investors, their email and ETH-addresses. Using the received data, they carried out an email spamming with the invitation to take part in the pre-ICO. In the letter they said that investors need to transfer ETH within 12 hours if they want to get more tokens.

The letter also indicated the address for the transfer of funds, and the attackers used several addresses at once.

Many investors believed this letter. Over the past few days, 74 transactions have been sent to hackers for a total of about $ 150,000.

The Experty team responded to the incident and promised to compensate for the loss of the affected users by issuing EXY tokens and a bonus.

We are greatly saddened by the recent email scam that has targeted our community due to the recent data breach. We will be contacting the victims that are in our database in order to distribute the proportional amount of EXY tokens to them, including the bonuses for their tier, from our company allocation. If someone wishes to receive ETH instead, we ask them to please contact us privately about this.
 

Experty Team

The conduct of ICO Experty is handled by Bitcoin Suisse. They also published an official statement about the incident, in which asked investors not to send money to the addresses of intruders.

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CBOE President to Warn ICO Community

Chris Concannon believes that «the reckoning will come in two waves»
20 June 2018   137

According to the president of the CBOE Chris Concannon, soon the market of ICO will face new regulatory constraints. This is reported by Business Insider.

Concannon is convinced that at first the Securities and Exchange Commission (SEC) will put ICO tokens under attack. The coins issued during the ICO will be recognized by the SEC as unregistered securities. In turn, this will devalue a significant part of the assets of crypto-investors.

The next stage of the "payoff," the CBOE president is sure, will begin along with a wave of collective suits against ICO projects. Concannon also noted that because of regulatory uncertainty in the market, it is unlikely that ICO-investors in the near future will sleep peacefully.

The actual party that offered the unregistered coin, they could have been involved in issuing an unregistered security. Anyone who sold that off could be deemed an unregistered underwriter.
 

Chris Concannon

President, CBOE

For the first 6 months of the current year ICO-projects attracted more than $ 9 billion. This is more than twice the total amount collected by the ICOs for the whole last year.