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Steemit Starts Post-Hack Account Recovery as Steem Market Cap Tops $380m

Posted: Tue Jul 19, 2016 9:53 am
by kreslik.news

Steemit, the decentralized social media platform rewarding users for their work with cryptocurrency, has announced that account recovery is now available for affected members following last week’s cyber attack.

The hacking was rather minor compared with other attacks on cryptocurrency firms with fewer than 260 accounts compromised, and less than $85,000 worth of Steem stolen. Despite this, the platform has taken a proactive approach, quickly notifying all clients they will be reimbursed in full and contacting relevant legal authorities for help, including the FBI.

Now Steemit CEO Ned Scott writes: “The Steemit team is finalizing its analysis of the cyber attack and determining exactly ... (read more)