Nowadays one of the ways to get rich is by investing in the Initial Coin Offerings (ICO) promoted by start-ups or companies who are in need of funds for the growth. A good thing about ICO is that you can invest in this ICOs by buying tokens for just a few satoshis of Bitcoin or Etherium.
Yesterday I was waiting for one of such ICOs by COINDASH. I had read the white paper published by COINDASH and also gone through the many online reviews on COINDASH ICO. On the first day of ICO, COINDASH was going to offer extra 30% bonus on the investment.
But when the time for opening the ICO came I had to go out and attend some important work. I was sad as I'd missed the ICO and the 30% bonus COINDASH offered on the first day.
Today after getting out of the bed early this morning, the first thing I did was to go to the COINDASH website for investing in the ICO tokens. However, I was shocked to read on the COINDASH website that the COINDASH ICO was hacked by some unknown hacker. It seems that a hacker or a group of hackers had hacked the COINDASH website and changed the original Etherium address given for investing the Ethers with their own Etherium Wallet address. The investors who wanted to invest in ICO unknowingly had sent their hard earned Ethers to the hackers instead. This way the hackers got away with the Ethers worth $7 Million.
After Reading the message on the COINDASH website, I realized how lucky I was.
So when you invest in an ICO next time be careful. I think it will always be better to forego the bonuses ICOs offer on the first day and do the investment after waiting a couple of days.
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There are lots of ICO's out there some will be scams some are not. I think the only thing an investor can really try to check with due diligence, is if it is a possible scam. There are probably some very good ICO's out there but if the competence level isn't up to it they can get hacked. Checking competence isn't easy though.
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Yes, I agree.
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