---
title: "Whitehat Helps Recover $2M in ETH Stuck Since 2016 ICO"
url: https://thecoingazette.com/whitehat-helps-recover-2m-in-eth-stuck-since-2016-ico/
date: 2026-06-01
modified: 2026-06-01
lang: en
author: "Coin Gazette Editorial"
description: "A whitehat developer helped return funds from HongCoin's failed 2016 token sale after a bug left investor refunds frozen for nine years."
categories:
  - "Crypto News"
  - "Defi"
tags:
  - "Defi"
  - "ETH"
  - "token"
word_count: 22
---

# Whitehat Helps Recover $2M in ETH Stuck Since 2016 ICO

A whitehat developer helped return funds from HongCoin's failed 2016 token sale after a bug left investor refunds frozen for nine years.