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.
What do you think about this hack?
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OMW, this guy is really good. Steal from someone and later return the loot?
Maybe he was actually convicted by his own conscience and the spirit of God or what really happen to him that made him return the stash
I can't say much.
Wow this post is listed in trending! Congrats.
Learn how to avoid
that hack seems scary, always double check!
after that make sure you triple check your double check!
I do. Even without some malware on the computer you should always double check the address to make sure all the characters have been transferred.
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Great post and a fantastic choice of words
My conclusion is that it is indeed a mysterious world we live in. How to understand it is almost impossible.
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This post has received a 36.33 % upvote from @boomerang.
spicy
The hacker returned it because he got convicted by the spirit of God that what he had done was not a good thing.
I believe he was unsettled in the process lacking no peace at all hence deciding to the right thing by returning what didn't belong to him.
Thanks for sharing @yalapapi.
Maybe it was not the theft but just a planned marketing campaign to make the company and the product loud in the media. And at the time, you could turn the cash in the stock market.
Quickest way to make money is through hacking it seems. Instant millionaire, and in a lot of cases, they make themselves impossible to trace. Geniuses create amazing things like cryptocurrencies, but we have to remember, some criminals are geniuses. When people hack into crypto systems and steal money, the crypto security becomes tighter because intense investigation is done and new ways of protecting the system are explored.
interesting story. The mind of a hacker is a mystery.
Interesting story,great post
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This man is probably a radio amateur. He tells his hobby friends about the news about Steemit
Thanks for the info
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wow.. learnt something new today..
yes, thank you for the info on that virus, always important to know what is out there. Otherwise, quite the hilarious article. I love that they returned so much, and it turned out to be worth double. Crypto remaining wild still.
Probably just Mossad laundering money for ISIS.