Hacker Returns 20,000 ETH to Coindash

On February 23rd, Coindash announced via its blog that 20,000 ETH had been transferred to the company’s wallet at 12:01:41 AM +UTC. During July of last year, the hacker altered the deposit address displayed on Coindash’s, then siphoning approximately 37,000 ETH tokens from ICO contributors – at the time valued at approximately $10 million USD. The 20,000 ETH tokens returned to Coindash are currently worth approximately $17 million.

The transaction comprises the second time that the hacker has returned funds to Coindash, as 10,000 ETH tokens were sent to one of Coindash’s Ethereum wallets on September 19th, 2017 – then equating to approximately $3 million.

Ironically, the hack suffered by Coindash last year, then described as “damaging event to both our contributors and our company,” now appears to have been responsible for the company netting a significant dollar-value increase in capital. Following the most recent transaction, the combined dollar-value of the returned 30,000 ETH at the time of respective execution equates to approximately $20 million – or double the fiat-value of the stolen ETH at the time of the theft.