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   1191

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.

Gladius to Register Token as Security & Refund Investors

Startup self-reported in SEC on unregisted securities offering and cooperate with Commission, so it won't be fined
21 February 2019   145

Cryptocurrency startup Gladius Network LLC has informed the US Securities and Exchange Commission (SEC) about the sale of unregistered securities. On February 20, the SEC filed relevant charges.

During the ICO, the Gladius project raised $ 12.7 million in cryptocurrency equivalent for the development of a network for leasing computing facilities to protect against cyber attacks. The SEC stressed that the startup did not register their tokens as securities, as required by federal law, and did not agree to exclude them from the rules in the legal manner.

Moreover, tokensale was held after the publication of the SEC report on the situation with The DAO, in which the regulator stated that ICO can offer securities.

The press release says that Gladius contacted the SEC in the summer of 2018 and expressed interest in cooperating with the investigation. Thus, the agency refused to levy a fine, because the startup voluntarily agreed to return the funds to investors who require it and register the token in accordance with the provisions of the Securities Act of 1934.