You are viewing a single comment's thread from:
RE: Important Security Announcement: Steemit CEO Ned Scott
I dont think 2 factor auth would have helped in this scenario. It seems like the server hosting Steemit.com was compromised.
I dont think 2 factor auth would have helped in this scenario. It seems like the server hosting Steemit.com was compromised.
Unlike other crypto, Steemit's cryptomoney is mostly custodial. Since Steem Power is locked up for 2 years, that may greatly slow down a hack but like the DAO has shown, a slow mo train wreck is still messy. This platform is way too cool to go down in flames. We really need world class security going forward.
Don't forget, the Shapeshift theft was by an insider. Yuge lessons to be learned there too.