From time to time, a Steemian’s owner key may be compromised. Stolen Account Recovery gives the rightful account owner 30 days to recover their account from the moment the thief changed their owner key. Stolen Account Recovery can only be used on steemit.com if the account owner had previously listed ‘Steemit’ as their account trustee and complied with Steemit’s Terms of Service.
I was wondering with my friend with whom I had recommended he joined steem, what happens if someone steals your key and sends the coins into an exchange to sell them. What is to prevent abuse that results in a net increase in the quantity of replacement Steem. Is anyone here familiar with the mechanics of how this works.
One could imagine a stolen key, with Steem then sent into an exchange that sells for liquid Bitcoin. How can replacement not merge with abuse?
I hope to gain insight from others that are able to provide this information.
Remember: Post, comment reply and find success here on Steemit! Steem on!
