Hacker Returns Over $15M In Ethereum Stolen From CoinDash... Again




The Israel-based blockchain startup, Coindash, made the news again the other day. In what can only be described as a miracle, the social trading platform had 20,000 ETH transferred BACK to one of their wallets from the wallet that originally hacked them.

Back in July 2017, a hacker stole 37,000 ETH from Coindash. This occured during the company's ICO, shaking the faith of investors and onlookers alike.

In September of the same year, 10,000 ETH were sent to Coindash - from the same account that had stolen it in the first place.

The hacker used a clipboard hacking tool very common to cryptocurency malware. The malware monitors a user's computer for copying something that resembles a Bitcoin/Ethereum/Monero address. When the user pastes the wallet address, the virus quickly swaps out the address with one owned by the hacker.

Since most people don't double-check the long jumble of letters and numbers that constitute crypto wallet addresses, this type of malware can be extremely effective.

The reason why this mysterious hacker decided to return such a vast sum of money (roughly $17M) is still unknown. Because of the fluctuation in the price of Ethereum, however, the total value that's been returned is actually more than double what was originally stolen.

Coindash's CEO, Alon Muroch, made a statement:

“Similar to the hack itself, the hacker’s actions will not prevent us from the realizing our vision, Coindash product launch will take place as originally intended.”

With the launch planned for February 27th, many questions remain unanswered. Who is the hacker? Why did he return the stolen funds? How many of his bones did Mossad agents break before he complied with their instructions.

The world may never know.

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