SpankChain: Stolen Ethereum returned; hacker gets reward
SpankChain, a blockchain-based payment service that operates specifically for the adult film industry, has announced that a hacker who stole 165.38 ETH ($31,500) has returned the funds.
The niche blockchain service provider tweeted that as a “reward”, the scammer will receive $5,000 and 5.5 ETH ($1,050), which the company claims was used as “seed capital for the attack.” The total monetary cost for the hack amounted to around $9,000.
Update on our recent hack: @ameensol spoke with the attacker on the phone, and they sent us the private key with all the funds. We sent them back $5,000 as a reward along with the 5.5 ETH they used as seed capital for the attack.
Congratulations, anonymous haxor!
— SpankChain (@SpankChain) October 11, 2018
SpankChain announced on Thursday that the hacker shared a private key for a wallet, in which the stolen ETH was deposited. SpankChain’s CEO Ameen Soleimani was informed of the same via a phone call.
The company further stated that SpankChain was transferring the stolen ETH to a wallet that was under its control. Furthermore, the hacker helped the company retrieve roughly 4,000 BOOTY, the native tokens of SpankChain, that were immobilized during the hack. The same was purchased from the hacker at $4,000.
Earlier this week, SpankChain revealed information about the hack, informing its users that the hacker had infiltrated the system due to a bug in its smart contract payment channel.
SpankChain’s customer’s holdings accounted for roughly 30% of the total Ether stolen and the company assured that the same would be reimbursed to them.
Ameen Soleimani labeled this incident as Operation “Save My Ass,” and he reiterated that the BOOTY tokens which were previously “stuck” have since been recovered. Soleimani also praised the hacker stating, “Ladies and gentlemen, I present the real winner of the ETH San Francisco hackathon.”
Operation “Save My Ass” is a success. The stuck BOOTY has been recovered. https://t.co/OpuHPWDXl5
— ? Ameen Soleimani (@ameensol) October 12, 2018
Image via Google
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