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Half a Million Dollars Stolen in ICO Phishing Scam, Enigma Responds

Enigma, a company building a machine-based investing platform and infrastructure for crypto-assets, suffered a serious setback on Monday (21st August 2017) when vulnerabilities in the security of its website and some social media accounts were taken advantage of by criminals to launch a phishing attack targeting potential investors in the project. Although the company did not lose any of its own funds, some members of the community were duped out of approximately US$500,000 by the scam – leading to a loss of trust and goodwill for the company in the immediate aftermath.

Preparing to launch an ICO in September for its Catalyst investment platform, Enigma hopes to provide a means for developers to build, test and execute micro crypto-funds. Using Catalyst is intended to simplify the investment decision process for crypto-assets; through Enigma Catalyst, users will be able to build their own crypto-hedge fund.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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