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

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CoinDesk Staff

(06:52 AM UTC)

1 min read

Verified byDavid Kim

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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…

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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CoinDesk Staff · CoinDesk

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