Hack upd: 10,000 ETH returned to CoinDash

Hackers returned 10 000 ETH stolen during ICO to CoinDash
21 September 2017   2056

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.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   410

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.