Hackers Use Blockfolio To Send Users Racist Messages

Hackers use Blockfolio, the FTX-owned crypto portfolio tracker to send users racist messages while the platform later apologized for the offensive messages and offered $10 to each user as we are reading more in today’s crypto news.

Crypto portfolio tracking app Blockfolio got hacked a day ago and the hackers used Blockfolio to message users with racist and offensive messages. The platform apologized for the hack and promised to give out $10 to each account. The crypto portfolio tracking app owned by FTX was compromised once hackers accessed its service to send out racist and offensive messages to the users. The users of the platform started receiving racist messages with some being told that they will lose all their funds.

We are incredibly sorry about the offensive messages posted today.

1: no funds/etc. were affected; this did not interact with any trading features.

2: we have revoked access to the compromised Signal submitter and removed the messages.

— Blockfolio (@blockfolio) February 9, 2021

Blockfolio CEO Sam Bankman Fried explained that there were no actual features or funds that were affected by the hack since it was mostly the display and news sections that were compromised as well as the communication platform Signal where token projects give out updates to the users:

 “We are incredibly sorry about the offensive messages posted today. 1: no funds/etc. were affected; this did not interact with any trading features. 2: we have revoked access to the compromised Signal submitter and removed the messages.”

1) Really, really sorry about the messages in @blockfolio today.https://t.co/hTWWbJT4YW

— SBF (@SBF_Alameda) February 9, 2021

The company added that the tracing elements of the app will come back soon and all users who enabled the trading option was well as up to a million users that sign up this week, will receive $10 on their accounts. Bankman-Fried said:

 “Over the next month, I’ll be leading a security review of the old, non-trading-related parts of Blockfolio to bring them in line with the standards set by trading, and by FTX more generally. No members of the Blockfolio team wanted this to happen.
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But we are all responsible for our product and will be doing what we can to fix this. I’ll also be donating to the ACLU today, as will a number of other staff members.”

As reported previously, The Hong Kong-based cryptocurrency derivatives exchange FTX announced the acquisition of the crypto portfolio tracker Blockfolio for $150 million. FTX plans to collaborate with Blockfolio on a retail trading application that is supposed to be launched this fall. This is one of the biggest crypto acquisitions on the crypto space while Binance’s acquisition of CoinMarketCap was rumored to be $400 million.