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via CoinDesk · By CoinDesk Staff

Whitehat developer unlocks $2 million stuck in a 2016 Ethereum ICO contract for nine years

ETH

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$2,479.76

+0.99%

(24s)

24h Volume

$4,310,061,378.17

24h H/L

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Change: $40.87 (1.67%)

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Long: 60.0%Short: 40.1%

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Longs pay

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▲ 0.90%

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Price$2,477.84

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Support 3$2,190.00

Pivot (PP):$2,478.04

Trend:Uptrend

RSI (14):63.9

CoinDesk Staff

(06:52 AM UTC)

1 min read

Verified byDavid Kim

0 comments

0xflorent, a security researcher, found an integer-overflow flaw in the HongCoin token sale contract that lets the team unlock funds for 48 original investors. It is the second such recovery he has publicized in eight days.

A security researcher who goes by 0xflorent worked with the team behind a 2016 Ethereum (ETH) ICO contract to unlock about $2 million in ether that had sat trapped for nine…

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