👮 Crowd Machine loses more than a billion tokens in hack

Some more details have been released on the Crowd Machine token hack that occurred over the weekend. According to data from Etherscan the thief made off with a little over one billion CMCT tokens, most of which were transferred to exchanges Idex and Bittrex. Crowd Machine, which is focused on building a distributed cloud service, had conducted a pre-sale in April but had not continued with a planned 390 daily public sales after that. The team has declined to disclose additional details at this time stating that the hack is being investigated by authorities and that an arrest has been made.