Nobody's Blurt account has been hacked! (Prove me wrong.)
Recently, R2Cornell (one of Blurt's biggest curators) announced he was leaving after having some funds stolen. Speculation swirled that his account had been "hacked", and the price continued to fluctuate and drop (during a time the rest of the crypto market was rising).
Investigation by MK and others revealed the account keys had not been changed, and someone with access had probably stolen some tokens and dumped them on an exchange. So it wasn't a hack (the Blurt code was not exploited or modified), but almost certainly just a simple case of theft. And yes, the keys to the account in question had been given out to many people, and used on many applications. It's a well-known and popular curation project. Considering the keys had been shared around, and never changed, and the account held a good amount of money, it's not too shocking some of it got nicked.
To be clear, I want to point out that R2Cornell didn't say Blurt was hacked. It was merely people in the comment section (and other posts) who spread that rumour. And let me remind you, even the mere rumour that a platform is corrupted and vulnerable will destroy it forever in the minds of potential users. If Blurt was hacked, then yes, we need to make people aware of that risk.
But it wasn't hacked! Someone's keys were misused. As far as we know, Blurt has NEVER been hacked. Feel free to prove me wrong, but I know of no instance where someone exploited or damaged the code maliciously.
By the way, R2Cornell announced he has stopped selling his remaining tokens, and is resuming his curation project.
The massive volatility in BLURT price I documented recently, which I first attributed to the US govt announcing they were going to regulate cryptos, was apparently more because a thief was dumping tokens onto an exchange. And possibly also when R2Cornell found out what happened, selling some of the remainder.
Conclusion
As far as anyone knows, Blurt wasn't hacked last month, despite all the rumours, all the posts, all the comments, and the price instability. I see people, even now, talking about "the hack". Let's put that wording to rest, right now. Unless you can prove the platform was actually hacked, please realize what a bad idea it is to spread such a false rumour, and stop doing it.
Blurt wasn't hacked. Somebody made a little mistake, and someone else took advantage of them for it. It sucks for those involved, but the good news is the platform is safe and secure, as it has always been. The depressing effect this has had on the token price wasn't legitimate, and as more people realize no hack actually occurred, the price may rebound strongly.
Blurt on!
DRutter
The use of the term 'hacked' doesn't make sense, as it was the keys that were used, and someone managed to retrieve them through a method (phishing, scam, others...) unrelated to the blockchain itself.
If you come across people claiming that the blockchain has been hacked, ask them to turn on their brains and think for 5 minutes.
Why steal 200,000 BLURT in liquid assets from a unique account when, with your hack, you can steal over 130 million BLURT in liquid assets from the wallets of dormant exchange account? And/Or 50 million BLURT in liquid assets from the wallets of some active accounts?
I don't think these are individuals who invented the wheel because it doesn't require any particular knowledge, just 5 minutes of thinking before stating such absurdities 🤣
The main code of the blockchain is entering its 8th year, and if, during all this time, no one has successfully pulled off a heist by stealing hundreds of millions, be it on Steem, Hive, Blurt through a hack, perhaps it's a reason to consider the blockchain as secure, and we should congratulate it instead of trying to downgrade and devalue our blockchain.
Don't be too affected by the comments or remarks of these people; they don't deserve so much attention given their low credibility, they just do it to gain more visibility, attention.
I'm not at all affected by the rumours of Blurt being hacked. But the price of the token is, because people believe rumours without using their brains. That's why I've put up this post, to help people understand there was no hack, and they should stop claiming there was.
"If you come across people claiming that the blockchain has been hacked, ask them to turn on their brains and think for 5 minutes."
That's what this post is : )
Curated by @ultravioletmag
Or. Also a theory. There was never a robbing. It was all an inside job. For attention.
Well, those kinds of things do happen.
Certainly wasn't a vulnerability in the Blurt code, though. That's the good news, the take-home message, the missive that should be broadcasted from the mountaintops. Blurt was never hacked!
The volatility of cryptocurrency prices is not a result of theft by pirates, hackers, etc. but rather it is due to its own essence, its own DNA.
Blurt is no exception. Prices are constantly speculated to buy and/or sell.
I'll give you an example: a well-known witness of HIVE / acidyo) had more than 20 million dollars in his wallet. A month ago he had nothing left and continued with the PD. Now he has bought back and recapitalized. How much did he earn with that speculation and how many did he drag with his rise or his supposed fall? Let's be honest.
The day cryptocurrencies begin to have their own stability I am going to change my mind.
Cryptos are stable - gradually increasing in market cap from $0 to $2T currently, and still steadily gaining year over year.
Daily and weekly volatility is indeed normal, and this is how short-term traders make their money. Myself, I'm about savings, not investment, so I just hold long term. The short term volatility has no bearing over months and years.
The extra volatility seen in December on the Blurt chart was indeed caused by the thief dumping 200,000 BLURT at once on the main exchange. And then more swings as people like me bought the dip, and then more when R2Cornell got angry at people's reactions, and dumped the rest of his coins. I linked to my post on it, if you're interested in further understanding.
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I even wonder, why only take 200k, when he has the opportunity to take over the account?
Perhaps the "account recovery option" would have been initiated, giving the proper owner control again, and the theft had to be a one-time thing.