News:::Steemit::Affected users Can Now Recover Their Steemit Account

The Steemit platform breach that occurred last week is still being resolved as we speak. The operators of the platform announced a new security announcement, as account recovery has now officially begun. There are a few simple steps users need to take to access their old account again. Moreover, the returning of stolen funds is coming to a close soon as well.

STEEMIT CYBER ATTACK ANALYSIS IS BEING FINALIZED

When the Steemit platform got hacked last week, many people were concerned about the security of this concept. As it turns out, only a select few accounts were compromised in the process. Thanks to swift action, the threat was thwarted at an early stage. Stolen funds were kept to a minimum as well, thankfully.

Users who have had their accounts compromised can now begin the recovery process. There is an account recovery page, where users can enter their old password. After logging in through social media or the used email address, users will be granted a chance to create a new account password.

Steemit users who authenticate through Facebook or Reddit should see their accounts restored immediately. Those who use an email and password combination will receive further instructions shortly after filling out the form. It is good to see the company take additional security precautions, as new passwords have to be at last 32 characters long.. Time to get that LastPass or other password manager working!

On the topic of users who have had funds stolen, the Steemit team is in the process of finalizing the analysis of the July 14th cyber attack. Figuring out how much funds has been stolen from each account has taken some time, but the final numbers will be coming in shortly. As promised earlier, the platform operators will refund every user out of their own pocket.

Incidents like these are bound to happen when platforms become incredibly popular in such a short timespan. Luckily for Steemit, there was no real harm done, albeit the financial losses and compromised accounts should not be taken lightly. With these new security measures in place, business can be resumed as normal.

What is being done

Some hours later Steemit have released another statement which says that they have been able to coordinate elected witnesses to secure compromised accounts which have balances of more than US$ 100. Ned Scott the CEO further states that:

“Within the next 48 hours, Steemit will begin to allow all newly secured accounts to reset their passwords simply by logging in with the same Facebook or Reddit credentials that were used to register in the first place. This easy process will work for the vast majority of the potentially compromised accounts. All of these account holders will regain full access to their funds and their original account name.”

Refund for users

Bittrex, on their part, temporarily suspended deposit and withdrawal of Steem and Steem Dollars at their exchange.

Steem has asked its users to contact their support team at [email protected] if their account was not created through facebook or reddit.

For the users that used their social networking Ids to create the account, they will be able to login using the same credentials they originally used within 48 hours.

It is expected that most users will be able to regain full access to accounts and funds. Steem it is advising their users to reset account passwords. Ned Scott in his communique has assured users again that “Any Steem or Steem Dollars stolen from compromised accounts will be fully refunded by Steemit.”