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Analysis of this attack provides a few important takeaways for Blockfolio in particular and any blockchain company in general. Instead, the attacker exploited a weak point in the company’s defenses to tarnish customer relationships. Unlike many blockchain project hacks, this particular attack did not involve the theft of users’ money or even place it at risk.
![blockfolio app money blockfolio app money](https://cryptoast.fr/wp-content/uploads/2019/12/blockfolio-app-tuto-avis.jpg)
With access to the company’s Signal submitter and other infrastructure, the attacker was able to push racist and offensive messages to Blockfolio users. These customer-facing systems are what were compromised in the attack. Additionally, Blockfolio maintains a display and news section for customer interactions. The company uses Signal to broadcast messages to its users, enabling Blockfolio to provide direct updates to customers. The target of this particular attack was Blockfolio’s customer communications infrastructure. No trading functionality was impacted by the incident, user funds are still safe, and the company is even providing a $10 credit to current and new users (for one week). The Blockfolio hack did not target the company’s trading infrastructure. On February 9, 2021, the platform was hacked, causing it to send offensive and racist messages to its users. With all this they absolutely have not only your identity, but a whole lot more! Granted they may not be doing anything nefarious with it, but they certainly could.Blockfolio is a portfolio management application that allows no-fee trading of cryptocurrency and stocks. Why does the app require all these permissions? Plus: Updates to Blockfolio Bitcoin/Altcoin App may automatically add additional capabilities within each group.
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Other: receive data from Internet, Broadcast data messages to apps, view network connections, full network access, control vibration, prevent device from sleeping
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Wi-Fi connection information: view Wi-Fi connections (Can get info of all networks connected to by the device including history)
![blockfolio app money blockfolio app money](https://coincodex.com/en/resources/images/admin/news/blockfolio-alternati/crypto-portfolio-apps-similar-to-blockfolio.jpg)
Storage: read the contents of your USB storage, modify or delete the contents of your USB storage Photos/Media/Files: read the contents of your USB storage, modify or delete the contents of your USB storage (Why does it need this?) Identity: find accounts on the device (this means get all the info from any google account the device has ever been signed into)Ĭontacts: find accounts on the device (has all your contacts including which contacts you communicate with most and how often) What's most concerning about Blockfolio is the app permissions: The post title is actually pretty accurate, although I wish the article discussed the most worrying part of Blockfolio. Overall, this is fantastic news for the entire BitShares ecosystem and should lead to some positive price movement for assets traded on the BitShares blockchain. Hopefully once Blockfolio gets Openledger added to their system they will be able to easily add the BitShares DEX directly. Openledger just launched their brand new landing page, moved their operations to the Belarus Hi-Tech Park, and they will soon be launching their new fiat gateway. Honestly, this couldn't have come at a better time. Now the users of Blockfolio will see the Openledger DEX in the app and hopefully wonder what that exchange is all about since decentralized exchanges are becoming increasingly popular. What better way than to get exposure from a 3rd party provider that is built on top of BitShares? Since BitShares is pretty decentralized, this has hindered it from becoming widely known by crypto enthusiasts.
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Their Android app alone has over 1 million downloads. It's not that Blockfolio is adding the BitShares DEX directly, but they have finally decided to add the Openledger DEX to their app which is still fantastic. After years of trying to get the BitShares DEX added to the Blockfolio app, today we got a nice surprise.