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RE: CoinDash ICO Hack: $7 Million Stolen - How Did This Happen And What Now ?

in #cryptocurrency7 years ago

@sirwinchester - This will certainly undermine not only coin-dash's reputation but the faith of crypto enthusiasts in the ICO security too. I know the effect will be temporary perhaps but the crypto world could have done without this when the bloodbath in crypto is just getting over (?).. I am not an expert to be able to comment on whether coin-dash could have handled the ICO better by setting up smart contract but it does seem so from what I am reading from other experts. As to the aftermath, I think they are stepping up to protect customer's interest. Only issues is, how much damage this $7M loss has done to them and whether they will be able to absorb it and move on?

Thank you for this article with an update on the security issue. Upvoted.

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It was definitely bad timing with the crypto market crash last week. good thing the prices are recovering at the moment.
And yes, I'm also interested to know how far this $7m loss will influence coindash as a company...