crypto

Hacking Perp Sends Back 20,000 Ethereum

Hacking Perp Sends Back 20,000 Ethereum

Coindash announced that 20,000 ETH (Ethereum) have been sent to the company’s wallet from the address associated with the hacker that stole approximately 37,000 ETH during the ICO last year.

The transaction constitutes only the second instance ever in which a hacker has returned funds to a crypto-exchange i.e Coindash.

Coindash Receives 20,000 ETH From Wallet Associated With Hacking Perp

On February 23rd, Coindash announced that 20,000 ETH (ethereum) had been transferred to the company’s wallet at nearly midnight.ether

During July of 2017, the hacker altered the deposit address displayed on Coindash’s, then withdrawing approx. 37,000 ETH tokens from ICO contributors – at the time valued at approximately $11 million USD.

The twenty thousand ETH tokens returned to Coindash are currently worth approximately $18 million dollars.

This recent transaction comprises the second time that the hacker has returned funds to Coindash, as 10,000 ETH (ethereum) tokens were sent to one of Coindash’s Ethereum wallets on September 19th of last year – then equating to approximately $2 million USD.

The hack suffered by Coindash last year, then described as “a damaging event to both our contributors as well as our company” now appears to have been responsible for the company netting a major dollar-value increase in working capital.

Following the most recent transaction the combined dollar-value of the returned 30,000 ETH tokens at the time of execution equates to approximately $20 million USD.

Coindash’s blog says that the company notified the “Counter Cyber Terrorist Unit in Israel” regarding the transaction and that “The hacker’s Ethereum address will continue to be monitored for any suspicious activities.”

 

Olé Crypto,

CBNN

 

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