A scammer has stolen our PEPT account

Yesterday, as I do everyday, I check my accounts and do some trading of digital assets.

While I went to check my PEPT account I got an error message from Keychain indicating that a transaction request failed because account credentials were no longer authorized.

Within a few minutes I noticed that ePay tokens were being dumped at market and thus realized that the account was taken over by a hacker.

I checked my Hive wallet and saw that keychain.swap and bdhivesteem accounts were used to move stolen funds from Hive to binance.

This is most disturbing because I am well aware of protecting my credentials. I use Roboform password manager, Google Drive and local drive on my desktop PC and laptop. I am not aware of any application where I provided my credentials except keychain app.

Now What?

I have to decide how much time and effort I commit to moving forward on Hive.

First, I have to look at account recovery protection. Turns out, that I was not fast enough in implementing an account recovery tool. So account recovery protection is the first priority.

Next priority is to meditate on why I want to continue with building PEPT on Hive.

Also, since I am a fan of problem solving and this is a #TooFuckeh problem that is not unique to me, I have been chatting in Discord about adding checks and balances to detect unusual account activity.

I am really sadden by how we implement technology in a way that can be so dismissive of small transactions or unusual account activity.

It is clear to me that Binance is a popular blockchain for scammers to transfer stolen funds from Hive. I do not have a Binance account. I only use Hive blockchain. I am learning that the account Hive account@bdhivesteem is used to conduct crimes. Most transaction are legit. However, there needs to be some kind of pause placed on a transaction when moving Hive away from Hive blockchain.

Time for me to take a pause from this depressing system. My trust level for Hive is not very high at the moment. I need to see some proactive method or technique applied in the system before I invest more time and money in a business operation on Hive blockchain.

Another crossroad to decided if I should continue building on Hive.

If you have any thoughts and suggestion relating to this event, please do not hesitate to share.

May Positive pepEntropy be with you all.