Blockfolio to Go Through Security Review After Getting Hacked to Display Offensive & Racist Content

The team has announced a credit of $10 to every current and new users of the app. ACH withdrawals have also been activated on both FTX and Blockfolio.


FTX acquired crypto tracker app Blockfolio, suffered an incident on Tuesday when offensive messages were displayed to its users.

“We are incredibly sorry about the offensive messages posted on Blockfolio today. We will be addressing this ASAP,” noted the team. They have since then removed the offensive messages.

The team also assured that trading or funds weren’t affected, only the displayed information.

Blockfolio-message

Blockfolio took to Twitter to further share that they have revoked access to the compromised Signal submitters in response to the incident. All the users of the app have been credited with $10, as will anyone else who signs up this week at a maximum of 1 million people, said the firm.

Just at the end of last month, Blockfolio enabled trading on its app and saw more downloads than “in any single day of 2017.” FTX CEO, Sam Bankman-Fried, also took to Twitter to share the story behind the messages on Blockfolio. The investigation revealed that the,

“Offensive content was produced and published by a competitor exchange of ours who maliciously gained access to someone else's Blockfolio News/Signal capabilities.”

Sam condemned the actions of the competitor at fault here whose name wasn’t revealed and announced a donation to organizations to “help move the world forward, not backward.” He added,

“We have always and will always strive to work with others in the industry–whether customers, builders, or competitors. We will rise and fall together, and this industry has no place for this behavior.”

The chief executive also said that over the course of next month, they would conduct a security review of the app to “bring them in line with the standards set by trading, and by FTX more generally.”

In other news, both FTX and Blockfolio now support ACH withdrawals.

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