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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

$1,736.90

+0.29%

$1,736.90

+0.29%

(24s)

24h Volume

$7,188,382,540.29

24h H/L

$1,759.84 / $1,702.00

Change: $57.84 (3.40%)

Long/Short

71.4%

Long: 71.4%Short: 28.6%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,734.86

▲ 1.64%

Volume (24h): -

Resistance Levels

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Resistance 2$1,812.46

Resistance 1$1,763.10

Price$1,734.86

Support 1$1,708.61

Support 2$1,656.77

Support 3$1,613.33

Pivot (PP):$1,733.88

Trend:Downtrend

RSI (14):42.8

CryptoSlate Editorial

(03:52 PM UTC)

1 min read

Reviewed byJames Mitchell

644 views

0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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CryptoSlate Editorial · CryptoSlate

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