How Did a Steemit inc Member Withdraw 4 million from 8k SP

in #steem5 years ago
Sort:  

Looks to me like it was a loophole that was exploited. There's no surprises there.

not exploitation if by design
what part in developing did @ben have?
he was one of the first and got one of the largest payouts and has an account called @imadev but no github

Exploited if by incompetence of design.

I have no clue who that is or if he had any role. He clearly knew enough to code up a script for this so this was someone who knew the chain, knew there was a loophole or was testing, and knew how to write a few lines of python. You can do an investigation into who fits that character profile better than I can.

ben = Ben johnson secret director of steemit inc

https://www.corporationwiki.com/p/2zgw0l/ben-johnson

going by github steem users and early knowledge of underlying workings i would guess revflash

Not sure to be honest.

The account isn't Mined and I don't see any vesting withdrawal routes in/out.

It could be interest earnings, I hear that was pretty good at the start.

was there 1000's% interest at the beginning ?

if it were so like this where did real steem creation begin because Steemit Inc staff members all received with 1000s of SP @blocktrades with the most receiving a transfer to vesting of 10k SP and a 7 k STEEM transfer

image.png

Coin Marketplace

STEEM 0.18
TRX 0.14
JST 0.030
BTC 59367.33
ETH 3172.01
USDT 1.00
SBD 2.43