The Protean Token, PRN is an Ethereum ERC20 standard token. The security and versatility of the Ethereum network provided a compelling case for our choice!

An unknown hacker has just stolen nearly $8.4 Million worth of Ethereum – one of the most popular and increasingly valuable cryptocurrencies – in yet another Ethereum hack that hit Veritaseum's Initial Coin Offering (ICO).

This incident marks as the fourth Ethereum hack this month and second cyber attack on an ICO, following a theft of $7 Million worth of Ether tokens during the hack of Israeli startup CoinDash's initial coin offering last week.

A few days ago, a hacker also stole nearly $32 Million worth of Ethereum from wallet accounts by exploiting a critical vulnerability in Parity's Ethereum Wallet software, which followed a $1 Million worth of Ether and Bitcoins heist in crypto currency exchange Bithumb earlier this month.

Now, Veritaseum has confirmed that a hacker stole $8.4 Million in Ether (ETH) from its ICO this Sunday, July 23.