Dominance: hackers stole 38 thousand dollars a blockchain-based platform for adults
Source:
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.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Mystic prophecy: as in the eighties predicted the creation of Bitcoin
October 10, 2018 — this day was supposed to be a new world currency. At least, to such conclusion the magazine the Economist even thirty years ago. Can it be considered «performance» this prophecy? the What will happen a...
Analyze graphs: the end of the week for Bitcoins?
Today, Bitcoin has broken several important resistances, which held the cryptocurrency from rising from the beginning of October. And while this event did not lead to a sharp price jump, the cost of an asset gradually goes up. the...
Place your bets: what Aldon will rise this week?
the Trend among altcoins do not change for several months — Monero, EOS, Stellar, Cardano and Litecoin continue to fall steadily. It's possible that soon, cryptocurrency will please investors a good point to enter the market. A de...
Why investors should wait to buy Bitcoin? Forecast analyst Fundstrat
last week, Bitcoin showed record stability — the volatility of the coins fell to the lowest level in 17 months. This time it was a good opportunity to recoup losses for altcoins. Many of them really managed to rise significantly a...
Debate: why Charlie considers Whether Roger Faith a hypocrite?
During his debate with Roger Ver, the founder of Litecoin had the opportunity to touch on the topic «hostility» between Bitcoin and Bitcoin to Cash. After discussion of several issues, including the topic , Lee commented...
Income of miners is growing, but profit falls. Why?
a New study has discovered some not very nice facts for miners. Despite the fact that Bitcoin now 40 percent more than a year ago, the profit from its production strongly decreased. this year, the miners managed to earn $ 4.7 bill...
The holiday ended: ICO levies continue to refresh the lows
In 2017 boom — blockchain projects are trying to monetize the interest of media and investors to Scripturally with the initial placement of tokens. During the year, the most successful of them have attracted millions of dollars. ...
Revenues from mining fell after a market capitalization of cryptocurrency, but the mining is still profitable. And earn not only «home» farm owners, but also companies and even religious organizations. the Last attempt ...
Expert: cryptocurrencies are no better than North Korea
the Economist from new York University's Nouriel Roubini is preparing to report to the U.S. Senate about the cryptocurrency and blockchain technology. Like, famous in this industry came up with a new argument for the blow to the r...
When the price of Bitcoin will make a new leap? Expert opinion
Analyst and guest of the show on CNBC Ren Neuner argues that Bitcoin price «about to explode». In his opinion, the price rally will come immediately after the issuance of the official verdict on the cryptocurrency . Reca...
Binance announced the delisting of four coins. What cryptocurrencies will fall even more?
Cryptocurrency exchange Binance will hold a large-scale delisting tokens — in the near future, the venue will cease to trade coins Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN) and Triggers (TRIG). The reason for such action was ...
Prepare the popcorn: the hacker has promised to carry out the attack 51 percent live
the Attack 51 percent — one of the most serious threats to the coins. Still the hackers managed to carry out 10 such operations and they acted covertly. However, now the criminals have decided to act openly. An anonymous hacker ha...
Analyze graphs: grow the Ethereum this week?
the Price of Ethereum is slowly but steadily growing against the dollar. In the short term we can expect a rollback, but the value of cryptocurrency is unlikely to fall below $ 224. the Overall situation looks like this: the the ...
Unlucky block: China miner jailed for stealing electricity
Unscrupulous mining — a fairly common practice. These entrepreneurs often place equipment in abandoned factories and warehouses, illegally connect to the electricity network and mine coins without significant cost. When the police...
Analyze graphics: when Bitcoin will grow to $ 7,000?
Soon Bitcoin can please investors with its rise in price. The main cryptocurrency attracts more attention due to breaking key of the triangle on the chart. the Overall situation looks like this: the the the probability of forming...
Grow EOS by the end of 2018? Responsible traders
EOS is one of the most promising altcoins in the stock market. Many investors lay with the coin of great hope, although it is still not clear how this will affect the exchange rate in the coming months. Traders with Tradingview sh...
Rate Tron increased by 12 percent in a few hours. What happened?
Course coins Tron for a few hours grew 12 percent. It happened after the main developer of the coin Justin San in his Twitter announced the imminent release of an update for the network token Odyssey 3.1 and run Tron Virtual Machi...
Steep productivity growth: Ethash pools 2Miners got an important update
last week, the experts conducted a mass introduction of a new validation algorithm for all Eiropadome pools. We are talking about Ethereum, Ethereum Classic, Callisto, MOAC, Expanse, , ETP, Pirl, Ella, Whale, Dubai, Yoc and Aka. P...
Comments (0)
This article has no comment, be the first!