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RE: Steemit powering down 30M Steem, and still hasn't figured out how to secure their keys

in LeoFinance4 years ago

I agree that putting a memo-private key into a field definitely is a mistake and not an accident. It's a kind of mistake I had not heard of before this article.
Putting an active key into a memo field is probably an accident and a worse mistake.

As I recall there is some white-hat bot that scans the blockchain for private-active-keys to put them into a three-day lockup, and a black-hat bot that does the same in order to steal the funds.

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When I posted the text of the memo keys in this discussion, @peakd warned against sharing your private keys. So good protection is possible at the interface level.