by kleinbl00

It's still unclear exactly what happened, but it seems like the hack was incredibly simple: The hacker allegedly took control of the Coindash official website and changed the text on the site, publishing their own ether wallet address instead of Coindash's. When people went to "invest" in Coindash, they actually sent their ether to the hacker, not the company.

I would argue that the hacker had done more to earn money than Coindash had, but I'm devoutly anti-ICO at this point.