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  • Paul Menchaca

ICO Investors Who Lost Thousands to Hackers Will Be Reimbursed

After $500,000 in ethereum coins were stolen from investors just weeks before Enigma's planned ICO, the firm has said it will reimburse these lost coins, TechCrunch reports.

The crypto coins were stolen from prospective investors in Enigma's ICO when a hacker tricked them into depositing the ethereum into his wallet. The hacker "gained access to Enigma’s Slack community, website and some of its mailing lists to posts the messages, apparently because CEO Guy Zyskind had not changed a previously compromised password for his email account," according to TechCrunch.

"This attack joins a long list of other similar attacks plaguing the crypto-community, which are often targeted at high-potential token sales and crypto projects," Zyskind wrote on Medium. "We have addressed the vulnerabilities that the attackers exposed and are taking other measures to ensure that our community is safe and our token sale is successful."

Speaking about the community of Enigma investors, Zyskind added that "there’s nothing worse than having people who join our ranks with the hope of supporting the next big wave of innovation, fall victim to a malicious act."

So we are taking responsibility. We are deeply sorry for the pain experienced by those who lost funds to the scam attempt, and we want to make sure that no one in our community that was a victim to this well-coordinated phishing attack is financially hurt. We will restore funds to everyone that lost money in this recent scam attempt after our token sale concludes. We’ve already been in direct contact with some of the affected parties. If you lost funds and have not yet contacted us, please reach out to with information about yourself and your transactions. We will work with our community on a case by case basis.

Enigma, which is an investment platform, is scheduled to launch its public ICO on Sept. 11.

Photo: Getty iStock

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