Etherparty ICO's official website was hacked on the day of the launch of the ICO by a malicious hacker that changed the address of the tokensale. The interesting thing about this hack is that the team managed to deal with this hack by taking down the fake website in less than 15 minutes and contain the damage.
Timeline of Events
- 9:00 A.M. PDT: FUEL token ICO is live.
- 9:45 A.M. PDT: Security breach: fraudulent contribution address is injected into the ICO Page, and in response, Etherparty began the process to shut down the official Etherparty site to protect people.
- 10:00 A.M. PDT: Website taken offline
- 11:35 A.M. PDT: Website rebuilt and moved to a new web server.
- 12:51 P.M. PDT: Press release distributed, official statements posted to Twitter and Medium.
Power of Hackers
The timing of the attack definitely well planned ahead of time so that they attack can occur at the exact moment that the ICO launchs. Some hackers choose to attack websites and slack before the ICO, however, users are now more alert and will less likely get scammed. This is most likely why these hackers chose to attack DURING the ICO, especially in the first few hours. The sad thing is that with this sort of attack, it's almost impossible for users NOT to get fooled because the official site is attacked.
Review and recovery
Etherparty team stated that they will issue tokens to those who contributed to the wrong address.
Sources: https://www.financemagnates.com/cryptocurrency/news/etherparty-latest-get-ico-website-hacked-will-compensate-victims/
https://medium.com/@etherparty/update-on-the-earlier-etherparty-site-shutdown-3716ce6587fd