---
title: "HongCoin ICO Bug Resolved After Nine Years, 1,003 ETH Recovered"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288185033.md"
description: "Florent announced the recovery of approximately 1,003 ETH (valued at ~$2 million) from a 2016 HongCoin ICO contract. A bug had blocked refunds for nine years after the sale failed to meet its target. The HongCoin team facilitated this resolution by signing unlock transactions via multisig."
datetime: "2026-05-31T22:27:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288185033.md)
  - [en](https://longbridge.com/en/news/288185033.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288185033.md)
generator: "portal-rs"
---

# HongCoin ICO Bug Resolved After Nine Years, 1,003 ETH Recovered

Florent announced the recovery of approximately 1,003 ETH, valued at around $2 million, from a 2016 HongCoin ICO contract. According to NS3.AI, a bug had prevented refunds for nine years after the initial sale did not meet its target. The HongCoin team facilitated the recovery by signing the unlock transactions through its multisig.

### Related Stocks

- [COIN.US](https://longbridge.com/en/quote/COIN.US.md)
- [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md)
- [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md)
- [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md)
- [BKKT.US](https://longbridge.com/en/quote/BKKT.US.md)
- [03887.HK](https://longbridge.com/en/quote/03887.HK.md)
- [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md)
- [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md)
- [BTF.US](https://longbridge.com/en/quote/BTF.US.md)
- [AETH.US](https://longbridge.com/en/quote/AETH.US.md)
- [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md)
- [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md)
- [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md)
- [EETH.US](https://longbridge.com/en/quote/EETH.US.md)
- [HODL.US](https://longbridge.com/en/quote/HODL.US.md)
- [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md)
- [03046.HK](https://longbridge.com/en/quote/03046.HK.md)
- [BITB.US](https://longbridge.com/en/quote/BITB.US.md)
- [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md)
- [EZET.US](https://longbridge.com/en/quote/EZET.US.md)
- [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md)
- [FETH.US](https://longbridge.com/en/quote/FETH.US.md)
- [09046.HK](https://longbridge.com/en/quote/09046.HK.md)
- [CRCA.US](https://longbridge.com/en/quote/CRCA.US.md)
- [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md)
- [CETH.US](https://longbridge.com/en/quote/CETH.US.md)
- [CRCD.US](https://longbridge.com/en/quote/CRCD.US.md)
- [BLOK.US](https://longbridge.com/en/quote/BLOK.US.md)
- [ETH.US](https://longbridge.com/en/quote/ETH.US.md)
- [03068.HK](https://longbridge.com/en/quote/03068.HK.md)
- [BITO.US](https://longbridge.com/en/quote/BITO.US.md)
- [BLCN.US](https://longbridge.com/en/quote/BLCN.US.md)
- [QETH.US](https://longbridge.com/en/quote/QETH.US.md)
- [ETHV.US](https://longbridge.com/en/quote/ETHV.US.md)
- [83046.HK](https://longbridge.com/en/quote/83046.HK.md)
- [CRCG.US](https://longbridge.com/en/quote/CRCG.US.md)

## Related News & Research

- [Tom Lee Sees ETH 'Easily' Hitting $10,000, Says BitMine Could Buy More Than 5%](https://longbridge.com/en/news/296958709.md)
- [BTCS borrows additional USDT 10 million on Aave, lifting total DeFi loan to about USDT 53 million](https://longbridge.com/en/news/296915029.md)
- [Term Finance loses estimated $8.5M in vault governance exploit](https://longbridge.com/en/news/296733976.md)
- [Mapping the Market: Cryptocurrency ether's technical picture brightens after sharp rebound](https://longbridge.com/en/news/296767860.md)
- [DeFi Lending Protocol Term Finance Loses $8.5 Million After Attacker Gains Governance Control](https://longbridge.com/en/news/296735211.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**