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via CryptoSlate · By CryptoSlate Editorial

Dormant Ethereum ICO unlocks 1,003 ETH as old contract bug becomes recovery path

ETH

ETH/USDT

$2,477.12
+0.91%
24h Volume

$4,226,979,544.63

24h H/L

$2,485.34 / $2,444.47

Change: $40.87 (1.67%)

Long/Short
60.0%
Long: 60.0%Short: 40.0%
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+0.0025%

Longs pay

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Ethereum
Ethereum
Daily

$2,478.84

0.94%

Volume (24h): -

Resistance Levels
Resistance 3$2,855.08
Resistance 2$2,639.52
Resistance 1$2,516.30
Price$2,478.84
Support 1$2,448.56
Support 2$2,316.57
Support 3$2,190.00
Pivot (PP):$2,478.04
Trend:Uptrend
RSI (14):63.9
CE
CryptoSlate Editorial
(03:52 PM UTC)
1 min read
JM
Reviewed byJames Mitchell

A white-hat researcher's recovery of 1,003.62 ETH from a failed 2016 Ethereum ICO has turned an old smart contract flaw into a reminder that Ethereum's earliest technical decisions can remain live for nearly a decade.

The researcher, known as 0xFlorent, said he unlocked the ETH from the HongCoin contract after the funds had been trapped for nine years. Using a June 1 Ethereum price of roughly…

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CryptoSlate Editorial · CryptoSlate

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