Whitehat Helps Recover $2M in ETH Stuck Since 2016 ICO

ETH

ETH/USDT

$2,691.23

+0.95%

$2,691.23

+0.95%

(24s)

24h Volume

$12,469,865,135.90

24h H/L

$2,706.00 / $2,600.15

Change: $105.85 (4.07%)

Long/Short

60.1%

Long: 60.1%Short: 39.9%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,693.70

▲ 0.21%

Volume (24h): -

Resistance Levels

Resistance 3$3,143.74

Resistance 2$2,781.69

Resistance 1$2,703.03

Price$2,693.70

Support 1$2,677.49

Support 2$2,559.03

Support 3$2,335.60

Pivot (PP):$2,664.73

Trend:Uptrend

RSI (14):63.8

Decrypt Editorial

(03:32 PM UTC)

1 min read

Approved byDavid Kim

A whitehat helped return $2 million worth of ETH frozen since HongCoin's 2016 ICO.
HongCoin’s team used the developer’s fix to unlock refunds that had been bloced because of a smart contract bug.
Such recoveries are rare but may unlock dormant value, Decrypt was told.

An Ethereum developer helped recover more than 1,000 ETH, worth about $2 million, from a failed 2016 crypto project…