The number of affected accounts is around 260. Bitrexx, Steemit’s partner exchange, also halted orders of the platform’s currency.The cause of the hack has not been made public. However, complaints from the Steemit’sSlachatc point to a lack of security features, specifically two-factor authentication, frustrating users.“A lot of chat traffic is going on in the Steemit slack of accounts being hacked,” one Steemit user wrote in a post earlier today. “Maybe It’s time for my newest proposal. Two factor authentication! I think that with a simple configuration of the Google Authenticator app you can secure your account a whole lot better!”The alarm was seemingly sounded by users such as ‘dragonslayer109,’ who uploaded screenshoot of unauthorized transactions seemingly being made on their account. The user claimed that over $300 had been drained.
Steemit: A Rollercoaster Ride
Scott meanwhile maintained the situation was under control and that an investigation was being instigated with law enforcement.“Though only a relatively small amount of Steemit was stolen, we take any form of criminal activity against our community extremely seriously,” he wrote.“We have reported the hack to police and other cyber crime authorities, including the FBI. A full, internal investigation is currently being conducted and we are working on an immediate solution.”The sentiment was echoed by Steemit’s PR intermediary, who in an email to Bitcoin.com wrote that “[Scott] and his team are busy working on the investigation and developing an immediate solution.”The event adds a biting realism to what has been a whirlwind month for Steemit. A week ago, the platform had announced membership increases of 1600% and users rewarded with $1.3 million dollars through posting popular material.“The community and the blockchain together power a system that gets better and better every day,” Scott said at the time.The platform’s website is inaccessible while the immediate investigation remains ongoing.What do you think about the Steemit hack and its causes? Let us know in the comments section below!Images courtesy of hob-trendtalk.com, getcoin.today.
Thanks for the information. It's been a problem for centuries where the criminal mind is one step ahead. It does indicate more security is required and that Steem is becoming a popular currency in the markets. However the reputation of Steemit will be decided on how well upgraded security features will prevent another hack.
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