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Why It’s So Easy to Hack Cryptocurrency Startup Fundraisers

EPISODE · Sep 12, 2017 · 9 MIN

Why It’s So Easy to Hack Cryptocurrency Startup Fundraisers

from Security, Spoken · host WIRED

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

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Why It’s So Easy to Hack Cryptocurrency Startup Fundraisers

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