Share this article
Blockfolio Apologizes After Racist Terms Posted in Portfolio App
A "Signals" account has been blocked after making racist posts available to all users of the app.
Updated May 9, 2023, 3:15 a.m. Published Feb 9, 2021, 9:26 a.m.
Blockfolio has apologized after racist posts were distributed over its cryptocurrency portfolio and news app.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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 to allow token projects to "connect and engage with their communities."
In a tweet Tuesday morning, Blockfolio said it was "incredibly sorry about the offensive messages posted today.”
The firm said 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.
We are incredibly sorry about the offensive messages posted today.
— FTX (formerly Blockfolio) (@ftx_app) February 9, 2021
1: no funds/etc. were affected; this did not interact with any trading features.
2: we have revoked access to the compromised Signal submitter and removed the messages.
Sam Bankman-Fried, CEO of the FTX exchange that owns Blockfolio, 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 said. "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."
Read more: Portfolio App Blockfolio Adds Crypto, Stock Trading to Capitalize on GameStop Drama
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.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
Top Stories
