Why It’s So Easy to Hack Cryptocurrency Startup Fundraisers
Sep 12, 2017•9 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
This summer was punctuated by scams and hacks of "initial coin offerings," startup fundraisers that issue coins, tokens, or cryptocurrency to anyone who wants to invest in fledgling blockchain-related companies. In mid-July, a startup called CoinDash lost $7 million dollars during its ICO after a hacker altered the address investors were sending funds to so the money went to a malicious digital wallet instead of CoinDash.
Learn about your ad choices: dovetail.prx.org/ad-choices
For the best experience, listen in Metacast app for iOS or Android