Day: 1 June 2026

Cheong Highlights $2M ETH Recovery as Rare Positive Crypto Security Story

HongCoin, an early Ethereum-based decentralized venture capital project, failed to reach its fundraising target and was supposed to refund contributors. However, a flaw in the contract’s refund mechanism prevented investors from withdrawing their funds, leaving the Ether locked for nearly nine years. Pseudonymous researcher 0xFlorent_ later identified an integer overflow ...

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