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Old 07.21.2017, 06:13 AM   #109
tesla69
invito al cielo
 
Join Date: Oct 2006
Location: NYC
Posts: 5,369
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amid the massive hype and speculation around Initial Coin Offerings (ICOs), $8 million (6.1 million) was stolen from would-be investors in one startup. For the uninitiated, ICOs are a fancy new way of fundraising enabled by digital currencies like Ethereum — participants invest money and receive digital "tokens" in return. It's largely unregulated, and some observers believe the market is in a massive bubble — with some ICO crowdfunding events raising hundreds of millions of dollars.
In the case of Coindash, its ICO was rapid — and disastrous.
Motherboard reports that just minutes after it began, the company was forced to warn investors that their funds had been stolen due to a hack.
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