Advertisment

Ethereum-based adult entertainment platform SpankChain confirmed that it had recovered all the funds lost during a security breach October 6.

In a series of tweets Friday, Oct. 12, officials said that after speaking by telephone with the hacker who stole 165 ETH ($32,000) from the project’s smart contract, he had agreed to return the amount in full.

SpankChain had notified users about the breach a day after it occurred, promising to instigate reimbursements of lost money to affected investors.

Of the total losses, only around $9,000 consisted of customer funds, it said.

Linking to a transaction confirming the transfer, SpankChain added it had given the hacker $5000 in ETH as a “reward,” along with refunding the capital used to initiate the attack – another 5.5 ETH ($1070).

“Congratulations, anonymous haxor!” the tweet concluded.

During the attack, the malicious party had also immobilized 4000 units of SpankChain’s native BOOTY token, which they subsequently also released.

The event marks a rare occurrence in the lives of altcoin projects and their security trials. Other instances of token or other funds thefts have rarely resulted in voluntary refunds.
One-way hacks continue to affect the cryptocurrency ecosystem this year, with exchange platforms such as Bithumb and Zaif losing coins in recent months.

For the latest cryptocurrency news, join our Telegram!

Get the latest Bitcoin News on The Bitcoin News
Our Social Networks:
Facebook Instagram Pinterest Reddit Telegram Twitter Youtube