Hackers hijacked CoinDash’s initial coin offering Monday, stealing $7.7 million in cryptocurrency from the nascent trading platform.
The attack occurred during a 15-minute period for “whitelist contributors” prior to the public ICO. During that time, the hackers were able to compromise the CoinDash website and swap out the CoinDash Token Sale address with one under their control.
CoinDash said in an advisory published today that more than 2,000 investors sent 37,000 ETH, (Ether or ethereum). ETH is trading this afternoon at approximately $209 per.
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