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Hacker Allegedly Steals $7.4 Million in Ethereum

Someone tricked would be investors during an ethereum ICO into sending their cryptocurrency to the wrong address. A hacker has allegedly just stolen around $7.4 million dollars worth of ether, the cryptocurrency that underpins the app platform ethereum, by tricking victims into sending money to the wrong address during an Initial Coin Offering, or ICO. This…

Someone tricked would be investors during an ethereum ICO into sending their cryptocurrency to the wrong address.

A hacker has allegedly just stolen around $7.4 million dollars worth of ether, the cryptocurrency that underpins the app platform ethereum, by tricking victims into sending money to the wrong address during an Initial Coin Offering, or ICO. This is according to a company called Coindash that says its investors were sending their funds to a hacker.

Jul 17 2017, 6:16pm
Read the full story on Vice:

Source: Hacker Allegedly Steals $7.4 Million in Ethereum with Incredibly Simple Trick – Motherboard

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