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   651

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.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   99

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.