They steal $ 7 million in ethereum with a simple hack

Ethereum has lived a few weeks of the most intense. And not in a good way. The value of the cryptocurrency has declined steadily throughout the month of July. Creating a feeling of distrust in the market. And now more problems arise for the cryptocurrency.

$ 7 million stolen from Ethereum with a simple hack

A hacker stole about $ 7 million on Ethereum (some say it's $ 8 million) in just 3 minutes. It has been achieved with a simple hack. Something that sets off alarms about the security of virtual currency. The trick has originated in Israel.

How $ 7 Million Was Stolen on Ethereum

An Israeli startup, by the name of CoinDash, launched an ICO (Initial Coin Offering), used to finance projects. Investors who want to participate can send funds to the company's address. They did, but the result has been different. Just three minutes after the launch of the ICO, a hacker managed to grab $ 7 million in Ether tokens. As it did? He simply changed the address to which the coins were sent.

In this way, this hacker has taken over 43, 000 Ether. And also escape without being identified. In addition, the CoinDash website still does not work. And they have asked that they stop sending coins. And they redirect affected users to a Google form.

Without a doubt a most surprising fact. And there are already many who speculate that it is a move by some CoinDash members to steal money. We will have to wait to see how this story unfolds. What do you think?