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<p> Blockchain-fueled social media platform<a href="https://steemit.com/"> Steemit</a>, has been hacked. According to a <a href="https://steemit.com/steemit/@steemitblog/important-security-announcement-steemit-ceo-ned-scott">blog post from Steemit CEO Ned Scott:</a> </p>
<blockquote>Steemit was today subjected to a cyber attack. In the attack, fewer than 260 accounts were compromised, and less than $85,000 worth of Steem Dollars and Steem may have been stolen.</blockquote>
<blockquote>The hack has now been contained. User accounts and wallets are not at risk, and we hope to soon reactivate the Steemit website to normal order. Any users whose accounts were compromised will be completely reimbursed.Though only a relatively small amount of Steem was stolen, we take any form of criminal activity against our community extremely seriously. We have reported the hack to police and other cyber crime authorities, including the FBI. A full, internal investigation is currently being conducted and we are working on an immediate solution.</blockquote>
<blockquote>Partner exchange Bittrex was informed of the compromise and is actively helping the investigation. As a precaution, they have temporarily suspended the ability to deposit or withdrawal Steem and Steem Dollars from their exchange. The suspension will be lifted as soon as possible.</blockquote>
<p>A relatively new social media that has exploded over the past couple of months, has seen its token cryptocurrency Steem’s value rise tremendously <a href="http://www.the-blockchain.com/2016/06/08/social-media-blockchain-platform-steemit-experiencing-growth-explosion/"> over the past weeks</a>. The digital currency now sits third in the cryptocurrency market value charts with <a href="https://coinmarketcap.com/currencies/steem/">over $360 million</a> at the time of publishing, only after Bitcoin and Ethereum. </p>
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