Hackers Stole $7 MILLION Worth Of Ethereum Cryptocurrency And Some Are Suggesting It Was An Inside Job

Shutterstock / Wit Olszewski

On Monday, CoinDash held its first Initial Coin Offering (ICO) and things went wrong in a hurry. Yesterday, I wrote about how the co-founder of Ethereum claims that ICO’s are going to cause the Ethereum market to implode. He went so far as to call Ethereum a ‘ticking time bomb‘ because of what these ICO’s are doing to the existing blockchains.

So what happened? 13 minutes after the CoinDash ICO began, hackers breached their system and changed the...


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