The startup raised $ 7.3 million before
a hacker changed the address, causing donations to go to an unknown party.
Not exact matches
Last week, another
hacker stole over $ 7 million in Ethereum funds from the CoinDash ICO after he took over their website and
changed the Ethereum
address at which users were supposed to send money to buy their CoinDash tokens.
The
hackers got into my checking accounts and
changed my
address to Miami, FLA..
It's unclear what information the
hackers managed to get their hands on, but seeing as KFC is encouraging users to
change their passwords to other services too, we're guessing that it was probably a list of email
addresses and passwords.
However, due to the security flaw, a
hacker can remotely
change the
addresses, making the user move their cryptocurrency to a different wallet.
At the time of the company's token issue, a
hacker managed to
change the Ethereum
address to which participants were supposed to send ETH (and, in return, to receive CDT tokens) and this led to more than $ 10 million in ETH being transferred to the false
address.
The company conducted its ICO back in July and fell foul of a
hacker, who
changed the
address to which participants were required to send ETH.
The
hacker had commandeered the website and
changed the ethereum
address.
At the time of the ICO, in which CoinDash posted a string of characters which represented its wallet
address for investors to send funds to, it appears that the
hacker compromised the website and
changed this text to a wallet they control.
Zuckerberg also revealed this week that «malicious actors» have been scraping phone numbers and email
addresses of Facebook accounts, and Facebook's chief technology officer told the Financial Times that the company has
changed its approach to threats from
hackers.
For example, a
hacker may target a real estate agent and attempt to send an email using that agent's email
address with a request to
change the wire instructions.