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via Decrypt · By Decrypt Editorial

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

ETH

ETH/USDT

$1,732.98
+0.35%
24h Volume

$5,519,655,656.01

24h H/L

$1,749.55 / $1,708.11

Change: $41.44 (2.43%)

Long/Short
71.7%
Long: 71.7%Short: 28.3%
Funding Rate

-0.0014%

Shorts pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$1,727.70

-0.77%

Volume (24h): -

Resistance Levels
Resistance 3$1,872.11
Resistance 2$1,802.91
Resistance 1$1,731.55
Price$1,727.70
Support 1$1,711.55
Support 2$1,651.13
Support 3$1,505.68
Pivot (PP):$1,731.05
Trend:Downtrend
RSI (14):41.0
DE
Decrypt Editorial
(03:32 PM UTC)
1 min read
DK
Approved byDavid Kim
1204 views
0 comments

In brief

  • 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…

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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Source

Decrypt Editorial · Decrypt

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