Hacker returns 26 million dollars to the stolen business


A hacker returned to CoinDash over 26,2 million dollars in Ethereum, a money he stole from 2017 in July.

The money was sent back in two installments. The hacker sent her First installment in September last year, returning 10.000 ETH ($ 8,7 million) and second last Friday when he returned another 20,000 ETH ($ 17,45 million).

However, the hacker did not return all the money he had stolen, as he has so far kept another 13.400 ETH ($ 11.7 million) of the 43.400 ETH ($ 37.9 million) that CoinDash believes he stole from her.

The hack took place on July 17, 2017, three minutes after the launch of CoinDash's ICO, a fundraising campaign aimed at raising CoinDash's funds in Ethereum for its core product, a social trading platform.

The hacker hacked the official website of the company and replaced the Ethereum address, where users could send money to buy CoinDash chips for the official CoinDash ICO. The company admitted its mistake and eventually gave CoinDash dividends to anyone who sent money to the hacker's address during the hack. At the time, and with the then value of Ethereum, the stolen funds amounted to around $ 7,8 million.

It is not clear what led the hacker to return part of the stolen funds. Some argue that even after returning almost three-quarters of the stolen funds, the remaining stolen Ethereum are still worth more than the value of the stolen funds when they were originally stolen.

Some experts have claimed that the hacker made a mistake by not immediately legalizing the stolen Ethereum and is now unable to transfer the money because most cryptocurrency trading platforms have his address blacklisted (now codenamed "FAKE_CoinDash") And no exchange will help the hacker to turn his money into a product or other cryptocurrency, for fear of legal action against him.

There are also those who believe that the hack was an internal affair and the "hacker" returned the funds in fear, after the conviction of a bitcoin exchange manager BitFunder) by the US authorities, for lying about the conditions of a corresponding hack.

Others think it's a CoinDash ad trick to get attention, as a new product launches in a few days. Either way, the money was returned to the company, which said it was still working with Israel's cyber-terrorism agency to track down the hacker.

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