Porn-oriented cryptocurrency SpankChain skips security audit, gets hacked



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Another day, another cryptocurrency hack. Notorious blockchain startup SpankChain has temporarily taken down its adult streaming platform after attackers exploited its smart contracts to steal $38,000 worth of Ethereum. The company, which aims to provide a cryptocurrency payment protocol for the adult industry, confirmed the hack on its official blog. SpankChain further said it expects its streaming platform will remain offline for the next couple of days (and possibly more), until all security flaws have been sorted. The worst part is that it appears a chunk of the stolen funds belonged to SpankChain users. The company has since vowed it…

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