CoinDash Says Hacker Stole $7 Million at Initial Coin Offering

  • Social trading platform tells investors to stop sending money
  • Token sale garnered $6.4 million from early participants
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Does this support the notion that there’s a bubble in digital currencies and initial coin offerings?

CoinDash, a blockchain technology startup that bills itself as a social-trading platform, said that its website was hacked Monday and $7 million was stolen from investors trying to participate in the company’s initial coin offering.