Hackers Just Stole $7 Million in a Brazen Ethereum Cryptocurrency Heist

Hackers hijacked cryptocurrency trading platform CoinDash on Monday just as it was in the middle of its initial coin offering, or ICO. It’s the first known breach of an ICO, this season’s hottest fundraising method.

CoinDash, an Israeli startup, planned to raise capital by selling its own digital tokens in exchange for the cryptocurrency Ethereum, which is similar to Bitcoin. But just 13 minutes into the token sale, which began at 9 a.m. ET Monday, an “unknown perpetrator” hacked


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