Dominance: hackers stole 38 thousand dollars a blockchain-based platform for adults

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2018-10-11 15:45:17

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Dominance: hackers stole 38 thousand dollars a blockchain-based platform for adults

The Hackers used the vulnerabilities in the smart contracts in the blockchain entertainment applications for adults SpankChain. As a result, they stole the coins and tokens ETH BOOTY. The burglary occurred on October 6, however, the company announced it only the day before. In SpankChain explained that the attackers managed to steal 38 thousand dollars in Ethereum and 4 thousands of dollars in BOOTY. Most of the funds belonged to the trading platform — hackers stole only 9.8 per thousand dollars of users.

How to protect your money from hackers

The Event was commented by the representatives of the company. Did it in an ironic form.

We spanked is all that is known at this time.

Later in the blog SpankChain, more details emerged about the hacking of the representatives of the company said that the hackers used a method called recursive call. When using it creates malicious smart contract that is disguised as a token ERC-20. The function "forwarding" it comes back to the contract payment channel every time this happens, the attacker gets the coin.

Now the work of the platform resumed — its creators only froze operations with 4 thousand stolen token BOOTY. In the near future the company intends to fully restore all operations with domestic currency, as well as to fully compensate the users of the stolen funds. Exactly when this will happen is not specified.

Although smart contracts, according to many enthusiasts and experts, "it is extremely difficult to hack", they are still a young technology and can be error-prone. Claims , deficiencies can easily be used by fraudsters to gain.

The adult entertainment industry increasingly takes advantage of cryptocurrency and blockchain in your work — thanks anonymity of transactions projects can attract new users. Let's hope that this incident will not keep other companies from this industry to abandon the use of the distributed registry.

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