The world of cryptocurrency is full of surprises. Some of these surprises work out quite well, whereas others seemingly make no sense. After getting hacked in 2017, the CoinDash ICO team has received a second “reimbursement” from their attacker without further explanation. The CoinDash ICO Saga Continues When CoinDash conducted its ICO last year, a lot of people were excited about what this team could bring to the table. Unfortunately, all of the positive attention also led to increased scrutiny by cybercriminals trying to disrupt this initial coin offering. At one point, a lot of money was stolen from investors, as the
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Coindash has announced that 20,000 ETH have been sent to the company’s wallet from the address associated with the hacker that stole approximately 37,000 ETH during the company’s ICO last year. The transaction constitutes the second instance in which the hacker has returned funds to Coindash. Also Read:Japanese Police Reveal 669 Money Laundering Cases Tied […]
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When you approach a vending machine and insert a coin, you expect to receive a can of soda or tasty snack in return. The same thing happens when you use blockchain technology to exchange cryptocurrency for any service or vice versa. It’s called, a “smart contract,” and it’s expected that this process is automatic; nothing can happens to alter it. Well, the process itself remains the same, but the terms of the agreement can be mixed up due to hacking. Disclosure: This is a Sponsored Article Thus, instead of a can of soda, you might get cookies or chips from
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This is an Op-ed article written by Arseny Reutov. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. In late October, Bitcoin Gold forked from Bitcoin as a new cryptocurrency, and immediately became the victim of a Distributed Denial of […]
The post Bitcoin Gold: A Case Study on the Cryptocurrency Security Problem appeared first on Bitcoin News.
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