Steemit Hacked for ‘$85,000’ as Users Complain of Weak Security

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What's going on guys? Nayabali here bringing you a brand new blog today. We got another killer blog for you guys. Full of information. Steemit Hacked for ‘$85,000’ as Users Complain of Weak Security

Steemit Accounts, Wallets ‘Not at Risk’

In a political candidate statement free these days, CEO Ned Scott same that a most of $85,000 price of the site’s currency, the Steemit dollar, “may are taken.”

Stating the hack had since “been contained,” Scott same,

“USER ACCOUNTS AND WALLETS aren't in danger, and that we HOPE TO presently activate THE STEEMIT web site TO traditional ORDER. ANY USERS WHOSE ACCOUNTS WERE COMPROMISED are fully REIMBURSED.”

The number of affected accounts is around 260. Bittrex, Steemit’s partner exchange, additionally halted orders of the platform’s currency.

The reason behind the hack has not been created public. However, complaints from the Steemit’s Slack chat purpose to an absence of security measures, specifically two-factor authentication, frustrating users.

“A heap of chat traffic goes on within the Steemit slack of accounts being hacked,” one Steemit user wrote in an exceedingly post earlier these days. “Maybe It’s time for my newest proposal. 2 issue authentication! i believe that with an easy configuration of the Google appraiser app you'll be able to secure your account a full heap better!”

The alarm was on the face of it measured by users like ‘dragonslayer109,’ UN agency uploaded screenshots of unauthorized transactions on the face of it being created on their account. The user claimed that over $300 had been drained.

Steemit: A Rollercoaster Ride

Scott in the meantime maintained things was in restraint which AN investigation was being instigated with enforcement.

“Though solely a comparatively bit of Steemit was taken, we have a tendency to take any kind of criminal activity against our community very seriously,” he wrote.

“We have according the hack to police and different cyber crime authorities, together with the Federal Bureau of Investigation. A full, internal investigation is presently being conducted and that we square measure acting on a direct answer.”

The sentiment was echoed by Steemit’s PR go-between, UN agency in AN email to Bitcoin.com wrote that “[Scott] and his team square measure busy acting on the investigation and developing a direct answer.”

The event adds a biting realism to what has been a windstorm month for Steemit. A week ago, the platform had declared membership will increase of 1600% and users rewarded with $1.3 million bucks through posting widespread material.

“The community and therefore the blockchain along power a system that gets higher and higher daily,” Scott same at the time.

The platform’s web site is inaccessible whereas the immediate investigation remains current.

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