Earlier today the cryptocurrency management application, Blockfolio was hacked. The attacker sent several extremely offensive messages to many users. No funds were affected and the messages were promptly removed.
According to Sam Bankman Fried, CEO of FTX and Blockfolio funds and trading features were not at risk as they are part of a totally separate system.
We are incredibly sorry about the offensive messages posted on Blockfolio today.
We will be addressing this ASAP.
Funds, trading, etc. are not at risk; this only affected the displayed information.
— Blockfolio (@blockfolio) February 9, 2021
Sam made a public apology on Twitter and stated that over the next month, he will be leading a security review of the old non-trading parts of Blockfolio. To compensate users, Blockfolio will be giving out $10 to every trader and the next ones who sign up this week.
Apparently, the offensive content and hack was published by a competitor exchange of Blockfolio who gained access to an employee of the company that had access to Signals capabilities.
7) But much more strongly, this industry–and this world–has no place for the racist and hateful sentiments expressed by the competitor. We deeply apologize for all who were exposed to it.
— SBF (@SBF_Alameda) February 9, 2021
The competitor exchange allegedly created a new coin called N*GGA COIN with a price of $62,400 and sent notifications to many users on the platform.
Additionally, the hacker also sent messages to users saying that accounts of all black people and n***ers will be closed with immediate loss of funds. Other sensitive messages included child p*rn.
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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
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Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
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