Fraud News

$7 Million Lost in CoinDash ICO Hack

Author: Wolfie Zhao / Source: CoinDesk

An initial coin offering (ICO) for a little-know startup project called CoinDash was abruptly halted today when it was revealed the sale had been compromised shortly after it began.

In total, the ICO was able to raise $7.53m before the ethereum address it was using to solicit funds was altered to a fake one by an unidentified hacker, resulting in the ether going to another source.

At the time of publication, the CoinDash website has been shut down, and the project is asking investors who have been affected to submit information to the provided link to collect the…

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