Hackers Returned ETH Stolen From CoinDash

In more than half a year from the hacker attack, CoinDash revealed that 20,000 ETH were sent from the hacker address back to the company
27 February 2018   116

CoinDash​ is an operating system for crypto assets, which aims to make handling and  trading easy and accessible. CoinDash’s marketplace is built around opportunity discovery and streamlined trading UX with features like​ real-time social trading signals, ICO dashboard, trending assets, real-time market price tables and 3rd party integration.

In July 2017 we have reported that CoinDash Token Sale received $6.4 Million from early contributors and whitelist participants, but, unfortunately, $7 Million were stolen during the hacker attack. As the time went, CoinDash launched an internet forensic investigation to determine who was behind the hack, but the identity of the hacker was never revealed.

Anyway, in late September of 2017, CoinDash claimed that hackers returned part of the funds stolen in July. In total, CoinDash got back 10,000 ETH, which was about $ 2.9 million at that time.

More than half a year passed from the time when hackers attacked CoinDash, and on February 23, 2018, it was revealed that 20,000 ETH were sent from the hacker address back to CoinDash.

Similar to the hack itself, the hacker’s actions will not prevent us from the realizing our vision, CoinDash product launch will take place next week as originally intended.

Alon Muroch 

CEO, CoinDash

CoinDash reported that the Counter Cyber Terrorist Unit in Israel was notified about the hacker's actions and the hacker’s Ethereum address will continue to be tracked and monitored for any suspicious activity.

It still remains unclear why the hacker who had managed to steal such a notorious amount of money, has suddently decided to return the funds back to CoinDash address.

JPMorgan May Work on Quorum's Spin-Off

Bank giant believes that independence from the bank could increase the platform's appeal
23 March 2018   48

Referring to anonymous sources, the Financial Times and Reuters report that this step, if done, will be aimed at increasing the attractiveness of the platform.

The Quorum open source project was launched in 2016 and is a private version of the Ethereum blockchain. JPMorgan presented the project at the annual Sibos conference.

We continue to believe distributed ledger technology will play a transformative role in business which is why we are actively building multiple blockchain solutions. We’re not going to comment on speculation, but Quorum has become an extremely successful enterprise platform even beyond financial services and we’re excited about its potential.

JP Morgan Spokesman

Reuters could not find out if the current employees of the Quorum project would join the new venture. It is also unknown what role the new head of the innovation center of the blockchain of JPMorgan, Ember Bolde, currently responsible for the development of Quorum, will do.