SpankChain Ethereum Hack Of 165.38 ETH In Theft Gets Returned By Attacker
SpankChain, a platform involved with the adult industry and cryptocurrency, was the victim of a hack last weekend. During the hack, the cybercriminals are able to get away with 165.38 ETH. Most of these types of thefts are never recovered to the individuals or to the platform itself. However, in an interesting turn of events, the hacker decided to return the funds, which was announced by the platform on Thursday.
To return the funds to the company, rather than reversing the transaction, they provided the private key for the wallet that contained the ETH. The key was shared during a phone call with SpankChain CEO Ameen Soleimani, who then published a transaction on their blockchain to show the recovery. Along with returning the funds for his own theft, the hacker also helped the platform regain access to 4,000 BOOTY tokens that were frozen, due to the attack.
Though the hacker’s identity hasn’t been released, SpankChain showed their appreciation for the return by providing them with a $5,000 reward, $4,000 in retribution for the BOOTY tokens, and 5.5 ETH. The total monetary value of what SpankChain gave the hacker was about $9,000.
The hacker managed to get into the system after they found a bug in the payment channel smart contract. Even though the theft happened on Saturday, the team didn’t even notice it happened until the next day, as they were correcting other bugs in their system. Of the amount stolen, $9,300 came from the wallets of customers.
Since the crypto has been returned, SpankChain seems to have a positive outlook on the circumstance. In fact, they posted on Twitter,
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