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RE: First Update to July 14 Security Announcement from Steemit CEO Ned Scott

in #steemit8 years ago

Ned, thank you for 1) disclosing the nature of the issue, 2) promptly communicating and providing regular updates, 3) disclosing your defense strategy and reiterating that Steemit will maintain a zero-tolerance policy for criminal activity on a decentralization platform (this is absolutely critical for the future sustainability and growth of the Steemit ecosystem, especially in light of the recent dark web and related crypto markets; brand equity needs to be cared for) and 4) for ensuring that a more secure system is in production within 24 hours and for immediately containing the threat while doing your best to minimize impact to thousands of other users; the fact that the hacker(s) could only access 260 accounts is indicative of a unique technology structure that you have all implemented in Steemit; bullet proof!

I wrote a blog post on how timely and professional the entire Steemit team have been with its first hack; https://steemit.com/steemit/@bismail/what-happens-now-with-steemit-keep-or-sell-steem-my-thoughts