Steemit was stolen for $85,000 and users ruthlessly complained that its development model is like a roller coaster

Yesterday, Babbitt published an original article, analyzing the various unreliability of Steemit, which has skyrocketed recently, from various angles. Interested readers can review it (How unreliable is Steemit, which has increased nearly 20 times!). Unfortunately, Steemit was really hacked. Below is the original report.

About a week ago, the social media site Steemit distributed $1.3 million worth of its platform token Steem to its users for free. Since then, the site seems to be getting more and more popular. But there are reports that the Steemit platform will be temporarily shut down due to a hacker attack.

Steemit accounts and wallets “temporarily safe”

Steemit CEO Ned Scott issued an official statement today that $85,000 worth of platform tokens "may have been stolen."

He said the situation is under control. Steemit accounts and wallets are safe for now. We hope to reopen the site as soon as possible. If your account has any losses, we will compensate you unconditionally.

About 260 accounts were affected by the attack. Bittrex, an exchange that works with Steemit, has also suspended Steem transactions.

The cause of the attack has not yet been made public, but the Steemit discussion group has already complained about the platform's glaring security flaws, specifically citing its lack of two-factor authentication.

The following is a post from a Steemit user. Everyone in the discussion group is talking about accounts being hacked. Is it time to consider two-factor authentication? As long as the Google Authenticator App is embedded in the platform, account security can be greatly improved!

The post included screenshots of several unauthorized transactions, and the user said he had lost more than $300.

Steemit's roller coaster development

Scott said the situation has stabilized and he has reported the case to law enforcement. Although the amount of money stolen was not large, we take any criminal activity in the community seriously. We have reported the case to the police and relevant law enforcement agencies, including the FBI. They are currently conducting a comprehensive internal investigation and we are also looking for a solution.

Perhaps Steemit has been overhyped recently, and reality has decided to teach it a lesson. Just a week ago, the platform announced that the number of users had surged by 1,600%, and rewarded users with $1.3 million. Although Scott made bold statements at the time, he still couldn't escape the fate of being hacked. He once said: With the community and blockchain protecting Steemit, the platform will surely grow stronger.