SpankChain Smart Contract Compromised, Hackers Take $38,000 in Ethereum (ETH)

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Blockchain-based adult entertainment protocol SpankChain revealed the theft of 165.8 ether (ETH), worth $38,000 at the time. The move occurred after hackers exploited a smart contract bug on the protocol, according to an official release on Oct.9. SPANK is “Spanked” As stated, the hack took place on Oct.6 when the SpankChain team was investigating multiple…

Total of 7 Crypto Exchanges and 158 Wallets Hacked in South Korea, Police Find

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The South Korean National Police Agency has produced a report of all hacking incidents of crypto exchanges and wallets in the country during the past three years. According to local media, there were seven hacking cases of crypto exchanges and 158 cases of wallet hacks, 91 of which happened this year. However, only six arrests…

Payfone Wins SIM Swap Attack-Prevention Patent to Deter Cryptocurrency Hacks

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SIM swap fraud and cryptojacking have increasingly become popular methods of cryptocurrency theft among hackers worldwide. In an attempt to deter such attacks, digital identity company Payfone has won a technology patent for SIM swap prevention. Payfone Looks to End SIM Swap Fraud Digital identity authentication company Payfone has won a patent for an anti-SIM…