Cryptocurrency exchange EtherDelta gets hacked and replaced by a fake site that steals your money

Popular cryptocurrency exchange EtherDelta got hacked in spectacular fashion Wednesday, with many users unknowingly sending their tokens to the hacker instead of the exchange.

At least 308 ETH ($266,789) were stolen, as well as a large number of tokens potentially worth hundreds of thousands of dollars. 

EtherDelta is a decentralized exchange which lists nearly all Ethereum-based tokens in existence. It doesn’t have a huge volume compared to larger exchanges but it’s an important first step for traders after a new token gets generated in an ICO (initial coin offering).  Read more…

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