Ice Open Network (ICE)
Last changed 2026-11-04 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the judge moved the trust score from 22 to 2. Version history →
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anchored·2aLqsT…LutHSummary
Ice Open Network (ION) is a Layer-1 blockchain founded by Alexandru Iulian Florea that launched a mobile tap-to-mine program in July 2023 and deployed its mainnet in January 2025. The project attracted a claimed community of 40 million users before suffering a severe token price collapse of approximately 93% in April 2026, a concurrent insider data breach, and mounting credibility questions over the founder's documented history operating a cybercrime-adjacent proxy botnet service and a prior 2018 ICO that allegedly left investors with near-total losses.
Connected Entities
3 entities · 60 linked investigations- Ice Open Network (ICE)→mentioned with→Binance(65%)
- Pi Network (PI)→mentioned with→Binance(60%)
- Ice Open Network (ICE)→mentioned with→Pi Network (PI)(80%)
Connected Through
2 shared actors · 450 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Binanceorganization
- □Pi Network (PI)organizationalso in
Timeline(16 events)
2010
Alexandru Iulian Florea (alias 'Acidut') begins alleged activity on cybercrime forums including BlackHatWorld and Hackforums, per Intel 471 and Krebs on Security reporting.
Krebs on SecurityNovember 2013
Acidut/Florea allegedly advertises 26 million SOCKS residential proxies through Microleaves, which security vendors classify as trojan-distributed software.
Krebs on Security10 July 2018
Online.io (OIO) token sale opens under CEO Alexandru Iulian Florea, targeting USD 50 million. Token subsequently collapses approximately 99.7% and the project is later reported abandoned.
ICOholder / CoinpediaSeptember 2020
Last on-chain transaction recorded for OIO token; Online.io website reported as abandoned.
Crypto Economy28 July 2022
Krebs on Security publishes investigation linking Alexandru Iulian Florea to Microleaves proxy botnet and underground cybercrime forum activity under the alias Acidut.
Krebs on Security29 January 2025
ION mainnet officially launches with 200 validators staking over 15% of circulating ICE supply.
Decrypt / GlobeNewswire7 April 2026
ION token crashes approximately 93%, from $0.003 to an all-time low near $0.00013. CEO attributes crash to a single long-term backer selling upon token unlock.
Crypto Economy / Coinpedia12 April 2026
CEO issues public survival warning, stating the project faces permanent closure without immediate market support. Discloses $18 million spent and $400,000/month operating costs.
KuCoin News15 April 2026
Insider data breach exposes Ice Open Network user emails, public keys, and 2FA phone numbers. Four former third-party contractors identified as responsible.
Crypto Economy / Cryptopolitan20 April 2026
Ice Open Network publicly discloses the April 15 data breach via official X account. Users advised to update 2FA. Complaints filed with UK ICO and law enforcement.
The Crypto Times21 April 2026
Platform migration executed at Online+ to address security vulnerabilities from the breach.
CryptopolitanDecision Log
- slot 465099035 · hash Ep4RyTmiohaFGiDBnz9dHS7iCTRf1qTSWR7FvJwbzREP
- slot 465099033 · hash 4H7AHnrYbofJWU8DrdSBtdkxGNa41RjyRcoAUP2tZc5S
- slot 428662114 · hash 5achNHL32ewLBBt8WKzfbBa7WupgMY7s1Hf19uD1CuY
This investigation is cryptographically anchored to the Solana blockchain (3 decisions). 20 of 22 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 6/24/2026, 8:22:52 PM
last updated: 11/4/2026, 12:24:02 AM
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