19-07-2017 06:07 via insuranceinsider.com

InsurTech start-up InsureX ICO hacked

Blockchain-based InsurTech start-up InsureX abruptly halted its
initial coin offering (ICO) last week amid concerns that the
process had come under attack from fraudsters.
The ICO was launched on 10 July, but three days later InsureX
issued a statement saying it had taken the "difficult
decision" to halt the crowd sale due to the sheer number of
security threats to its system during the offering.
The start-up did not say how much money had been targeted by the
hack. Several...
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