It's worth $7 million in only 3 minutes.

Shortly after the end, CoinDasch, the initial currency corporation (ICO) of July 17th, was in serious trouble.

The company, which allows the trade in popular cryptocracy Ether (<x0). The money unit” of the Ethereum platform, had decided for a large round of fundraising, with investors able to invest in Coindash with Ether.

It's a well-created practice similar to an IPO: Buy at a company now in return for compensation later.

As explained, on the company's website, hackers managed to change a small but important detail on the CoinDash website, just as the ICO was scheduled to start: Ethereum's Portofo address.

This change was all the attackers needed.

It is unfortunate that we announce that we have undergone a retaliatory attack during our Earth Hall” event, the company explained. “During the $7m attack were stolen by an unknown author”.

It all happened in three minutes.

However, those who sent their Ethers to the wrong address cannot be completely without luck. Condash says he's still going to pull tolls for anyone who has been deceived (as long as it happened before company employees closed their page after the hacker was discovered).

Coindash, in turn, managed to raise $6.4m from the early “contributors and white participants” before things went wrong.