In what can only be classified as straight from the “Bummer, Dude” files, an initial coin offering (ICO) with Coindash went sideways because of a fairly simple hack–within minutes.
Coindash offers a platform for trading ether, the currency that is associated with Ethereum. When the offering went live, online investors were instructed to send money to an Ethereum address. In just three minutes, Coindash realized it had been hacked and warned people to not use the address posted on its website.
In this apparent case of site jacking, the hacker gained control of Coindash’s website and changed the text that directed investors where to send their investment. Instead of going to the original Ethereum address, money was sent to the hacker’s wallet address.