Blockfolio's Response to the Snooping Claims

"Recently there was a wave of concern about how Blockfolio uses the information you enter into the app. We want to address this and provide more clarity about how we handle and use your data, and mention some improvements we are making.

We take the privacy of our users very seriously, and we want to assure all of you that your data is safe and secure.

Several recent blog posts and tweets have made claims that Blockfolio is “snooping” on its users, suggesting we are operating nefariously. Yes, data is transmitted between the app and our servers so that we can provide services, but there is no snooping.

There are also claims that users’ funds could be put at risk by using Blockfolio. We want to clarify that Blockfolio is not a wallet and the app does not hold any tokens for users, nor any keys. Of course, hackers can use social engineering in a multitude of ways to compromise your funds and you should always use best practices when doing anything cryptocurrency-related, including using Blockfolio."

read the full statement here:
https://www.blockfolio.com/june_30_privacy_statement.html

Comment what you think, I personally think this was just a big misunderstanding, but you can never be too careful!

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