The InsureX ICO is set to open in an hour and there has been much controversy regarding the security of their social accounts and possibly other information.
I joined their slack channel https://insurex.herokuapp.com/ to try and get some information directly from them as to what is going on. One other participant in the slack channel had this to say to me:
danielcrypto [3:53 PM]
Don’t invest in INSUREX they were hacked official website, twitter, telegram last night I was on those sites and they were sending ETH address and saying they were live, I cannot trust a company that lacks of security that bad !!! Neither you should or your readers !!!
I was willing to invest 10 ETH now I’m completely out of it
danielcrypto [3:58 PM]
Not a problem last night at telegram group a guy was really upset because he thought it was real and he lost 100 ETH because of this scam, let’s help people stay away from it, it looks really good the insurex project but their security is really bad if they were hacked, take care
InsureX ICO Condition
After such comments I received a statement from InsureX as follows:
“Hi all, leading up to the IXT crowd sale we have been targeted by an increasing number of scams and hacking attacks. During the night we discovered that our Twitter account and Intercom had been compromised. Be assured that both are externally hosted from our website, with different authentication.
We have now strengthened our security with two factor authentication and other measures and are working with these providers to analyse what happened. What we know is that our website pointed to the Intercom external service and one spurious message was posted. We have now removed Intercom as a precaution and are closely monitoring the situation.
Our crowdsale is managed and hosted by TokenMarket infrastructure. Please only ever use the official website to participate the crowdsale. Thank you for your patience and support of InsureX”
InsureX ICO Conclusion
As you know, I am not one to tell you whether or not you should invest in any particular ICO. The choice is yours. I just wanted to bring you this information. If you still find it interesting I suggest doing more research or joining their slack channel to talk to them directly.