Let’s Hope InsureX Has Insurance

London-based alternative marketplace for insurance, InsureX, has been hacked, which forced it to end its token sale just two days after launching . According to The Merkle, someone hacked the team’s website and Slack to host an early token sale and steal around 1,100 ETH in the process. So what exactly happened? An unknown assailant somehow took control of the startup’s Twitter account, as well as managed to gain access to its website and Slack channel. He or she then went on to “host” a special early token sale combined with some nice-but obviously fake-bonuses. This followed:

Bottom Line: this brief, but successful, scam allowed someone to earn nearly $250,000 worth of Ether, which will be dumped on the market sooner or later. Meanwhile, one has already sent 5 emails to receive 0 responses. PS. Thanks to John Emery of AAA for the scoop.