Hackers reportedly stole $8 million of Ethereum in a disastrous startup fundraising attempt
10 days ago - By Business Insider
Cryptocurrencies like bitcoin and Ethereum have long had a reputation as being somewhat of a "Wild West," beset by hype bubbles, scams, and hacks - and that seems unlikely to change any time soon.
Amid the massive hype and speculation around Initial Coin Offerings , $8 million was stolen from would-be investors in one startup.
For the uninitiated, ICOs are a fancy new way of fundraising enabled by digital currencies like Ethereum - participants invest money and receive digital "tokens" in return. It's largely unregulated, and some observers believe the market is in a massive bubble - with...
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