Can someone PM an invite to the CDT slack channel? ICO investor here and just want to stay in the loop for things but the site is (understandably) not working at the moment, presumably to stop people spamming in general.

I mean at this rate with the market recovering they're likely to have nearly 10m+ by august anyway. Obviously not an excuse but I point that out only because it increasingly appears to be the case that the only thing hamstringing then is going to be their ability to regain community trust.

 It's bizarre that some people who didn't even lose money are so upset relative to those of us who actually lost some ETH. Doubly ironic that some people are masking their concern trolling with this being about"the future of ETH." ETH isn't going to fail because a wordpress site got hacked OR a team stole funds, calm down, Jesus.

For those of you who actually lost money though, rage on. Not my place to say anything there, but the people spamming the thread that didn't invest make it a bitch to actually keep up with what's happening for no reason.

As someone caught up in this, that makes no sense. Rolling back the entire blockchain for 7M because all of us were too complacent to do full due diligence is nonsense. While the team here should have done better and I'm not blaming everyone else as the primary cause, it's not like this was a contract flaw or something. We just sent money to an address immediately out of FOMO, and as much as it sucks that's just what happens when you take a risk and don't thoroughly vet something.

Edit: This also doesn't make sense as an inside job if they refund the tokens. If that was the plan it would be smarter to let the ico close, dump their own Cdt and take all of the ETH. If youre going to steal 7m you might as well steal more, I can't imagine your moral compass stops at 7m worth of theft.

Burning tokens would help, but don't get me wrong, I agree with everyone else that the value is definitely going to be impacted short term. However, the reality is that most of these ICOs, including the responsible ones, are raising multiples of what any comparatively sized startup in Silicon Valley raises at their stage of growth. There's no way a team this small at this stage should have a burn rate of 1M+ a month, so rationally speaking the next six months to a year are pretty much going to go as though the hack never happened.

That said, it's not like crypto markets behave rationally, so I don't expect that to be the general outlook. On top of that, it's not even crazy not to trust a trading platform that can't secure their own shit, so I'm not entirely hopeful that this project survives this, just pointing out that there is a way where they still can succeed, but it's going to be a Herculean task to pull off and I'm not sure they're up for it.

I'm still skeptical but if this is true, no need to really be a dick here. If it's not a scam they're probably working overtime to try to assuage fears and a typo on bitcoin talk is an absurd thing to get pissed about. Again though, this only stands so long as they keep their word.

While the hack will definitely cast a shadow over the ico and lower the initial price short term, I also think that if they handle this appropriately in the next few hours and reallly deliver, the long term value will remain. I won't lie and say I wasn't planning on potentially selling ico coins when they hit the exchange, but I also liked this project enough such that I plan to buy back in once the initial exchange dump happens to hold long term if they can fix this mess.

Agreed, it's also a bit of a stupid inside job if it is one. Judging by the initial rush, they could've raised well over 12M, strung people along for a year and then released something shitty rather than pull this shit and be liable for criminal charges. That's the only thing making me think this wasn't an inside job.

Either way, didn't lose too much ETH but annoying as the project is one of the few that looks promising and despite the previous shenanigans linked to earlier, they seemed to have a great team and decent advisors.

The only thing that really makes sense short of refunding the ETH is to issue the appropriate amount of CDT to people who sent to the wrong address and simultaneously reduce the amount raised by that much (~$7M) while burning any excess over what was planned. Otherwise, unless the dev team is part of the scam, there's no way they'll be able to launch a project and/or raise funds on the new address and they're basically DOA.

So I'm going to assume most of us that sent are going to be SOL despite following all of the official channels?

Will keep an eye on things here but highly doubt I'm seeing that ETH again. Ridiculous.

Edit: Made an account just to post here to be clear.