Bitcoin.com
January 6, 2026 4:17 PM UTC

Researcher Cracks 9-Year-Old Bug, Frees $2M in Ethereum Locked Since 2016 ICO

A security researcher known as 0xflorent recovered roughly 1,003.62 ETH, worth approximately $2 million, that had been trapped inside a failed 2016 Ethereum ICO smart contract for nearly nine years. A 2016 ICO That Never Paid Back The funds originated from Hongcoin, also referred to as “The HONG,” a 2016 Ethereum-based project pitched as a

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