Attacked Blockfolio To Spend Up To USD 10M on Fixing Damage

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Popular crypto portfolio tracker and trading app Blockfolio claims they are nearly back to business as usual and are offering up to USD 10 million in credits following this morning’s scandalous attack. (Updated at 13:10 UTC: with additional comment by FTX CEO.)

FTX CEO Sam Bankman-Fried said that an unnamed competing exchange is behind this attack.

Blockfolio, which was acquired by crypto derivatives exchange FTX last year, has issued a couple of statements this morning (UTC time), profusely apologizing for the “offensive messages” posted on the tracker. Though there is no confirmation that it was in fact a hack as many commenters presume, Blockfolio has announced that, following the incident that had occurred this morning,

“the tracking parts of the app are coming back online momentarily [and] all Blockfolio users with trading enabled have been credited with [USD] 10 free, as will anyone else who signs up this week (max 1m people).”

The hack has left many in the Cryptoverse baffled after users started reporting receiving numerous push notifications, stating that all services would be closed to “all black people,” using the derogatory N-word as well, “with immediate loss of all funds.”

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