Monday, March 8, 2021
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Blockfolio Apologizes After Racist Terms Posted in Portfolio App

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 “Signals” – Blockfolio’s communications feed aimed to allow token projects to “connect and engage with their communities.”  

According to Coindesk, in a tweet Tuesday morning, Blockfolio stated that it was “incredibly sorry about the offensive messages posted today.”  

The firm noted that no funds were affected and the event did not affect any trading features. “We have revoked access to the compromised Signal submitter and removed the messages,” it said.  

The CEO of the FTX exchange, Sam Bankman-Fried tweeted that all the app’s trading accounts are being given $10 by way of an apology. 

“No members of the Blockfolio team wanted this to happen,” he stated. “But we are all responsible for our product and will be doing what we can to fix this. I’ll also be donating to the ACLU today, as will a number of other staff members.” 

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