- Blockfolio hacked, sending offensive notifications to the users
- The users got threats to withdraw their funds, or they would end up losing their funds
- The attack only affected the signal submitter protocols, indeed, the trading area was safe
- The portfolio trackers team apologized to their users and assured them that the funds are safe
Blockfolio, a crypto portfolio tracking app owned by FTX, has been reportedly hacked. After the hack, the app is displaying offensive, racist messages. According to Blockfolio, the users’ funds are entirely safe, and the trading services are working fine. However, the developer’s team is still looking into the issue. According to the portfolio tracker, the attack only had affected the signal submitter protocols. On the other hand, the FTX CEO had also promised to credit all trading feature-enabled users with $10.
Blockfolio signal feed saw racist contents
On Tuesday, some of the users of Blockfolio have received some shocking messages. The incident happened after some evil actors did breach the platform in a big way. The hackers did some terrible edits within the apps to send terrible push notifications. The content was very racist and offensive and threatened the users to withdraw their holdings or risk with their deposits. Responding to the matter, Blockfolio and the CEO of FTX tweeted, apologizing for the incident. However, they also assured their clients that all the funds are safe.
The portfolio tracker team is responsible for the flaw
Bankman-Fried, the chief executive officer of FTX, has also tweeted on the issue. FTX had acquired Blockfolio for $150 million last year. According to Bankman, the firm will soon perform a security review of Blockfolio’s non-trading protocols. Additionally, Bankman mentioned that Blockfolio team members had never wanted such an event to take place. The entire Blockfolio team is responsible for their products, and the entire team is doing their best to fix the issue. On the other hand, Bankman will also be donating to the ACLU, as will a number of other staff.
The Crypto industry is facing some breaches nowadays
The Blockfolio hack is not surprising, yet another example of how malicious hackers are targeting such platforms. Several digital asset exchanges and crypto hardware wallet makers have seen breaches exposing users’ sensitive data in recent months. By acquiring the ledger data and sensitive information, many users have also received physical harm threats. The hackers target the phone number, email address, and home addresses of the individuals to threaten and ask for Ransome.
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