Israeli startup CoinDash received $3 million back

The Israeli startup CoinDash, which was hacked during the ICO last summer, received 10,000 Ethereum back (Approximately $ 3 million).

The Israeli startup CoinDash, which was hacked during the ICO last summer, received 10,000 Ethereum back (Approximately $3 million).

On July 16, 2017, the Israeli startup CoinDash launched the ICO (Initial Coin Offering) procedure, which ultimately ended for the project not too well. Five minutes after the tokens were placed, unknown cybercriminals hacked the CoinDash site and changed the address of the official Ethereum wallet to their own.

Although the attack was detected almost instantly, only over the first few minutes after hacking, more than $6 million was transferred to the hackers wallet. As a result, the cybercriminals robbed the startup for more than 43,000 Ethereum, which was about $8.3 million at the currency rate at that time (at the current day the exchange rate more than $10 million).

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After the incident representatives of CoinDash promised that they would release tokens for all the victims who sent money to the criminals wallet.

Now, two months later after the incident, representatives of CoinDash unexpectedly reported that the cybercriminals returned 10,000 Ethereum, which is almost $3 million, to one of the company’s wallet.

The transaction can be seen here.

The Israeli startup CoinDash, which was hacked during the ICO last summer, received 10,000 Ethereum back (Approximately $ 3 million).

At the same time, the remaining $8 million is still in the wallet of the hackers.

The Israeli startup CoinDash, which was hacked during the ICO last summer, received 10,000 Ethereum back (Approximately $ 3 million).

What’s pushed cybercriminals to return the funds is unknown, maybe they get drunk and felt bad about the CoinDash users. The company executives wrote that hackers did not contact with them and did not make any official statements, so their motives we can only be guessed.

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The CoinDash representatives called the incident “incredible” but noted that the investigation of the July incident, in which Israeli law enforcement agencies are involved, continues.