On July, 4th, 2016, Steemit, Inc officially launched Steemit, a social media with virtual currency rewards that runs over the Steem blockchain. On July 1, 2016 Steemit announced on their website that they were hacked. The attack, according to them, has compromised about 260 accounts. A little less than US$ 85,000 worth of Steem Dollars and Steem are reported to have been taken by the attackers.On March 15, 2017 Dan resigned as a head of technology and a marketing team was announced with Mitchel Loureiro. Frank Rimalovski, Andrew Haines and William Mougayar are advisory board members while , Jeffrey Paul, James Calfee and Valentine Zavgorodnev are a few of the staff members.
