Yesterday I published an article just minutes after CoinDash sent all contributors an email that their token sale page “seemed to be tempered with.” Well, if we read into these messages I copy+pasted from the email I received from CoinDash today, we can see that their website was affected within minutes of the 15-minute whitelist heads-up.

The cool part about this situation is the CoinDash team will be crediting investors with the amount of CDT tokens they would have gotten with their level of investment. The team has launched a forensic investigation into who took the 37,000 ETH which, at the current Ethereum price of around $211 is $7,807,000…this is a major scheme that went on here.

Somebody pocketed nearly $8m and with the price of Ethereum rising, that could very well be upwards of $15m in the next couple months.

Leadership — not much else to do now, but move forward.

The team concludes with,

“We are amazed and humbled by the support and patience shown from our core community, early sponsors, contributors and advisory. We suffered a hit and there are no simple or easy solutions, just hard work and improvements ahead of us.”

Cannot be said many other ways — the CoinDash Token Sale was assaulted by some type of malicious hacker that succeeded in what they were after. How is cryptocurrency going to be secure if we cannot secure our devices? This will only continue spurring innovative, new ways to raise capital. I wonder what change this incident will bring about next.

Until next time my fellow cryptocurrency enthusiasts! Stay safe and do your research — it will take you closer to the moon!

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