Hack upd: 10,000 ETH returned to CoinDash

Hackers returned 10 000 ETH stolen during ICO to CoinDash
21 September 2017   677

Hardly had the Ethereum Token Sale CoinDash started (July 17th), the website has been hacked.

The official CoinDash statement was out on the company’s website. Thus, $7 million were stolen during the attack. The perpetrator’s identity hasn’t been established.

Now the Israeli blockchain start-up CoinDash claims that hackers returned part of the funds stolen in July. In total, CoinDash got back 10,000 ETH (about $ 2.9 million at the current exchange rate). 

Today at 05:13:28 PM +UTC, 10,000 ETH were sent back from the hackers address (FAKE_CoinDash) to one of CoinDash’s ETH accounts; Address (Tx Link)

CoinDash team

A small translation tof 488 ETH was made from the address of the hacker on ShapeShift through several accounts on proxy servers. Noticing this transaction, the CoinDash team stepped up efforts to investigate the theft, including turning to the unit for countering terrorist activities in Israel.

Representatives of CoinDash also argue that they will continue to monitor the hacker's address.

Hype.codes will keep you updated.

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   78

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.