Digital security is still the most pressing and important topic of the modern crypto industry. After all, numerous crackers work tirelessly, calculating potential victims and coming up with ways to hack new projects. Literally today it became known that the popular service Blockfolio was subjected to a digital attack. Next, we will look at the details of the event, talk about the damage that the project suffered. So, without further ado, let’s get started.
More about the project
First, let’s remind those who do not know about the essence of Blockfolio. This is a fairly well-known service that helps beginners and experienced traders to properly manage their own investment portfolios. Agree, when you have several dozen digital assets at your disposal, it is quite difficult to control each of them. Of course, you can conduct analytics yourself, carefully managing each tool, but it is better to trust specialized projects. One of which is Blockfolio. This service is used by a huge number of users, the audience exceeds several million active traders. And each of them felt the consequences of the hack.
The hackers attacked the project’s communication channels, that is, social networks and customer contact paths. Hacking, at first glance, is quite harmless, because the functionality of the project itself was not affected. However, the damage to the organization’s reputation is obvious. The attackers gained access to the project’s Twitter profile. Offensive messages were published on behalf of the organization. The content is not so significant, but we note that the hackers have touched on the acute topic of political correctness at the moment.
The hackers wrote that the company denies access to the service to all black users. With the immediate confiscation of all funds received into circulation. Undoubtedly, the messages are unpleasant and offensive. But the company has already tracked down the burglars. Attackers were blocked from accessing the resource, and each user received $ 10 in compensation. Of course, this was an attack on the firm’s reputation, but not on its toolbox. After all, as the developers themselves say, the hackers were unable to break through the company’s protection. Therefore, users’ funds are completely safe. Why does this event deserve close attention? More on this in the next section.
How does the Blockfolio experience affect the industry
This is a unique case. The hackers knew that they would not be able to open access to the organization’s numerous financial savings, and therefore carried out the attack that was in their power. This is an example of ideological work, which is not aimed at making a profit, but at undermining the reputation of the organization. This “digital anarchism” demonstrates that, in theory, damage can be done to any enterprise. Even without direct contact with the company’s functionality. In 2020 alone, hackers working in the crypto industry were able to steal about $ 2 billion from digital enterprises.
These are huge and terrifying numbers that remind you of the need to be attentive to your own money savings. Once again, we urge you to remain vigilant and courteous about the safety of your assets. In such matters, when it comes to serious amounts, you cannot lose your attentiveness for a minute. After all, the price is too high. To be the first to know about all the hacks and other news of the cryptoindustry, follow the current news with us. We publish only high-quality, interesting material. Thank you for attention. We wish you good luck and calm work!