$7 million theft during Coindash ICO

in #coindash7 years ago

download.png

In the ongoing ICO at Coindash, there was a theft of $7 million where the hacker was successful in changing the Ethereum deposit address. This brings out a big question on the security measures taken by companies during an ICO. There is a need for a governance mechanism to protect investors money from being stolen by such ICO's. Also certain measures need to be taken for differentiating the fake ico's from genuine companies who want to create a good product on the blockchain technology. Previously DAO had been hacked and $50 million was stolen. Coindash, however on its website has promised to give the tokens to people who had invested in the ICO. Do post your comments on how governance can be brought on for ICO's