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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

$1,880.53

+0.02%

$1,880.53

+0.02%

(24s)

24h Volume

$1,781,010,209.25

24h H/L

$1,886.58 / $1,876.01

Change: $10.57 (0.56%)

Long/Short

66.8%

Long: 66.8%Short: 33.2%

Funding Rate

+0.0046%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,879.99

▼ -0.14%

Volume (24h): -

Resistance Levels

Resistance 3$2,047.57

Resistance 2$1,932.92

Resistance 1$1,886.50

Price$1,879.99

Support 1$1,878.64

Support 2$1,838.57

Support 3$1,792.11

Pivot (PP):$1,881.75

Trend:Sideways

RSI (14):50.5

CryptoSlate Editorial

(03:52 PM UTC)

1 min read

Reviewed byJames Mitchell

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…

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