20,000 ETH were sent from the Hacker address back to CoinDash

Today at 12:01:41 AM +UTC, 20,000 ETH were sent back from the hackers address (FAKE_CoinDash) to one of CoinDash’s ETH accounts; Address (Tx Link)

The hacker who stole Ethereum from the CoinDash ICO last summer seems to suffer from either great remorse or generosity, as another 20,000 ETH worth more than $17 million were sent back from the Fake_CoinDash wallet. Previously, the hacker had returned 10,000 ETH.

In three transactions, the hacker has ensured that the CoinDash project is better-funded than ever. But the move may recall previous accusations that the diverting of funds was an inside job. The CoinDash theft was one of the most significant ICO scams, other than the DAO smart contract glitch that took away 3.1 million ETH.

Alon Muroch, CoinDash CEO:

“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”.

The news caused a brief price recovery in the CoinDash (CDT) market price, as the asset rose to $0.09 from recent lows. So far, the price of CoinDash has moved independently, despite the hacker holding back more than half of the intended ICO funding. In the summer of 2017, the hard cap for the CoinDash token sale was $12 million, which due to the growth of the ETH market price has turned into a much larger haul.