A hacker stole $8.4 million from the platform’s ICO on Sunday, July 23. This is the second ICO hack in the last week and the fourth hack of an ICO this month. The Veritaseum ICO is similar to a classic IPO, but instead of stocks in a company, buyers get tokens in an online platform. CEO Reggie Middleton said the amount stolen was “miniscule”” but “”the dollar amount was quite material”” The stolen tokens belonged to the company
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