Industry Report: Steemit Is the Latest Victim of Cyber Crime
Russia pushes bitcoin, Mark Karpeles goes free, another massive crowdsale in the books, and Steemit gets hacked. Want to catch up on the latest cryptocurrency news? Take a look at the stories below. RUSSIA. Once again, a Russian party is pushing for the legalization of Bitcoin. The Party of Growth, which supports “free market economy and democracy,” believes that blockchain technology is growing all around the world, and Russia would be foolish to cut itself out. Party leader Titov Boris explains: “We [Party of Growth] estimate that over 2 million Russian citizens have opened their own....
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The social media platform powered by an altcoin has been making tsunamis as of late. Not only have there been record numbers of signups, but the content has also been incentivized to be of higher quality. Direct from CEO Ned Scott on addressing the recent attack: Steemit was today subjected to a cyber attack. In the attack, fewer than 260 accounts were compromised, and less than $85,000 worth of Steem Dollars and Steem may have been stolen. While patching the vulnerability Steemit was locked in as a read-only site, allowing content views but not voted on, new content was unable to be....
Steemit, the blockchain based social media platform has reported a hacking incident which might have compromised few user accounts, resulting in the theft of $85000 worth of Steem cryptocurrency. Blockchain-based social media service Steemit today reported that its platform has faced a security breach. The cyber attack, according to CEO Ned Scott, affected over 260 user accounts. As he confirmed further, the platform have also incurred a small loss – worth around $85,000 – in the form of their native cryptocurrencies Steem Dollars and Steem. While the origin (of the attack) and....
Europol has issued a new report on Internet crime in which it outlined a number of scenarios involving bitcoin. Called the Internet Organised Crime Threat Assessment (iOCTA), the report examines the use of bitcoin on various dark web sites, by organised crime and individual actors, and calls digital currencies an 'enabler' for cryber-criminals and a challenge for law enforcement. However, it makes a clear distinction between bitcoin and digital currencies designed with true anonymity in mind, like darkcoin, warning: "We feel it should concern everyone that the latest cyber currencies are....
Steemit announced on their website that they were hacked. The attack, according to them, has compromised about 260 accounts. A little less than US$ 85,000 worth of Steem Dollars and Steem are reported to have been taken by the attackers. In the security announcement CEO of Steemit Ned Scott said: “User accounts and wallets are not at risk, and we hope to soon reactivate the Steemit website to normal order. Any users whose accounts were compromised will be completely reimbursed.” Law enforcement informed. At the moment it appears that the virtual currency itself has not been compromised but....
Blockchain-powered social media platform Steemit, a new novel experiment in social media that sees users rewarded in the token cryptocurrency Steem has been the target of a cyber attack. Steemit, a new social media website that has grown tremendously since its launch two months ago has seen its token cryptocurrency Steem’s value explode over the past week. The digital currency now sits third in the cryptocurrency market value charts with over $360 million at the time of publishing, only after Bitcoin and Ethereum. Speaking to CCN earlier, Steemit CEO Ned Scott described the platform as....