- It's still unclear exactly what happened, but it seems like the hack was incredibly simple: The hacker allegedly took control of the Coindash official website and changed the text on the site, publishing their own ether wallet address instead of Coindash's. When people went to "invest" in Coindash, they actually sent their ether to the hacker, not the company.
I would argue that the hacker had done more to earn money than Coindash had, but I'm devoutly anti-ICO at this point.
> I would argue that the hacker had done more to earn money than Coindash had, but I'm devoutly anti-ICO at this point. Seriously! No joke, these scammers have finally got almost the same payday that they've been working on for over a year! These ICOs are like 30 days of marketing. These scammers are like up all night, buying domains, writing copy, deving crazy tools, adjusting based on user feedback. 😂 ... ☹
So I'm no crypto-currency whiz, but the gist of this is that a hacker basically stole a page from the Road Runner and at the last minute swapped the road sign that pointed the ICO buyers where to send their money right? The equivalent would be me going to Wal-Mart and standing in front of the cashier and telling the customer how much they owed me. Neat. 
Figuratively that. It is the equivalent of hacking into someone's GoFundMe page and substituting your own paypal address. It is the equivalent of intercepting the broadcast of the Jerry Lewis Telethon and overlaying their 1800 number with your own. Bizarrely enough, this problem has already been solved but since ICOs are basically a bunch of punk kids with a whitepaper raking in millions of dollars, it wasn't. I mean, I own like a dozen .eth addresses and the most they cost me was $3 each.
Fuckin'A I'm serious. The Ethereum FB group is as required reading as the 1600 daily is for the exact same reason: there are unsophisticated investors and then there are college morons who can't spell, don't understand what they're buying and are lambs to the goddamn slaughter. Cryptocurrency is held by a lot of people who say BAAAAAAAAAAAAA. EDIT insomniasexx say something so I can badge your ass
if i was going to run away with everyones money i would name my coin coindash too
It almost makes me want to put on my grey hat and start a token myself with the sole intention of teaching people the red flags of crapcoins. Create a smart contract, don't deploy it until the last second, have it hold money for five days and return it with a 5% stupid tax. Then, buy a boat.
We were working on our "Buy insom and randomuser a house in LA" white paper until we had to get back to real work