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Hackers Breach Smart Contract on Ethereum-Based Adult Entertainment Platform SpankChain | Cell Phone Spy and Mobile Tracking Software
Blockchain-based adult entertainment platform SpankChain lost $38,000 in ETH in a hack of its payment channel smart contract. Ethereum-based adult entertainment platform SpankChain has suffered a smart contract security breach that led to loss of around $38,000, the firm reported on its Medium page Oct. 9.The hack, which purportedly took place Oct. 6, was detected by SpankChain a day after, and was announced today in a post entitled "We Got Spanked: What We Know So Far."Anonymous attackers managed to steal 165.38 Ethereum (ETH) or around $38,000 from the platform's payment channel smart contract. Additionally, the security breach caused the immobilization of $4,000 worth of the SpankChain's internal token called BOOTY.While most of lost or immobilized funds belong to SpankChain itself, the platform claimed that client reimbursements are of "immediate priority." The company will shortly repay $9,300 worth of Ethereum and Booty coins directly to users' SpankPay accounts via Ethereum