Blockfolio has apologized after racist posts were distributed over its cryptocurrency portfolio and news app.
Overnight, at least two messages purporting to be from major cryptocurrency platforms were posted containing racist terms of abuse via âSignalsâ â Blockfolioâs communications feed aimed to allow token projects to âconnect and engage with their communities.â
In a tweet Tuesday morning, Blockfolio said it was âincredibly sorry about the offensive messages posted today.â
The firm said no funds were affected and the event did not affect any trading features. âWe have revoked access to the compromised Signal submitter and removed the messages,â it said.
Sam Bankman-Fried, CEO of the FTX exchange that owns Blockfolio, tweeted that all the appâs trading accounts are being given $10 by way of an apology.
âNo members of the Blockfolio team wanted this to happen,â he said. âBut we are all responsible for our product and will be doing what we can to fix this. Iâll also be donating to the ACLU today, as will a number of other staff members.â
CoinDesk asked Blockfolio what specifically it plans to do to prevent such abuse of the Signals system in future, but did not immediately receive a reply.
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