I think inside jobs are likely in a large number of these ICO hacks. It's a good way to just enjoy the millions of dollars (or tens of millions) you raised for

I think inside jobs are likely in a large number of these ICO hacks. It's a good way to just enjoy the millions of dollars (or tens of millions) you raised for a non existent product just based on a flashy website with crypto buzzwords. Most of these products I have taken look at make no sense and truly just seem to be a bunch of crypto and tech buzzwords mixed together to make it sound like some real business plan (e.g. "decentralise", "blockchain", "trustless", "distributed", "peer-to-peer"). It makes sense to "get hacked" and be able to just walk away with the money without having to pretend you actually want to create and deliver a product.