The social media, news channels, and even the novices are all talking about the massive twitter hack that happened in the name of Bitcoin Giveaway that was nothing but a pure scam. The details are such that all the high profile verified twitter accounts hacked in massive Bitcoin scams. Hackers have accessed Twitter’s internal system to fake a tweet about Bitcoin giveaway by way of crypto help as a part of donation in lieu of COVID’19.
The platforms of top voices of the US include the major presidential candidates and renowned big shots like Joe Biden, Barack Obama, Jeff Bezos, Elon Musk, Kanye West, Wiz Khalifa, Charlee Lee, Justin Sun including Binance, Coindesk, Apple, Uber.
An example of Joe Biden being the victim of Bitcoin Scam Giveaway in the latest massive twitter hack and is one of the high profile preys
BREAKING: Joe Biden has been the latest victim of this massive hack. By far the largest in Twitter's history. pic.twitter.com/yrbJxShWdz
— CryptoWhale 🐋 (@CryptoWhale) July 15, 2020
Tomorrow every single media will be talking about #Bitcoin.
Love it or hate it. Bullish.
— Crypto Rand (@crypto_rand) July 15, 2020
This has led to major search volume of Bitcoin and the recent hack on Google as per the Google trends, and therefore, Bitcoin is encircled by news once again after 2017 Bull Run for a massive crunch like this. To many like CEO of Schiffgold, Peter Schiff, this Twitter Hack appears as a Bitcoin hack, and he takes a chance to promote Gold by tweeting on this recent hack.
It looks like all verified Twitter accounts have been hacked by someone running a #Bitcoin scam. For once not being verified has its advantageous. I wonder if this is a harbinger of Bitcoin itself being hacked? Better to play it safe and just buy #gold.
— Peter Schiff (@PeterSchiff) July 15, 2020
It is important to understand that the twitter hack has nothing to do with Bitcoin and its security system. The hacker has ruptured the nodes and internal system of twitter in the name of Bitcoin giveaway scam. For people understanding it to be Bitcoin scam like Peter are adjoining the laterals of Bitcoin and crypto being big-time scammers of the digital world. Reiterating, the prey to this twitter hack were the people who only believe in the greed of earning money through BTC.
Well, there is no such thing as “free lunch,” and while the hack was of the presidential people from the US, people couldn’t refrain from believing it to be true. Bitcoin and cryptocurrencies are always regarded as ways to become rich in the earliest possible ways, and therefore, falling prey to such scams is not altogether a new thing.
The only shock and skeptical that encircles around twitter and its security are: “How secure are these verified big shots and market veterans on a massive platform like Twitter to share their thoughts about finance, technology, markets, digital assets, etc.
No one hacked #Bitcoin! Just in case this needs to be explained to newbies.
— Gabor Gurbacs (@gaborgurbacs) July 15, 2020
However, the hack is one thing while people misinterpreting it for Bitcoin hack is another. But the recent hack has extended an opportunity to dive deeper into Bitcoin, cryptocurrencies, blockchain, and decentralization. And, maybe it is high time, that Twitter and its support realize the need of the hour and lead towards having decentralized blockchain support.
The recent twitter hack of Apple, Musk, and Gates is straight out of every blockchain talk I have given about the value of #blockchain and hardware keys. Its time for twitter to adopt blockchain, in the mean time #voice already uses blockchain tech!
— Daniel Larimer (@bytemaster7) July 15, 2020
Instead, Bitcoin is here to solve the glitch in the matrix, which otherwise is caused by money and providing financial freedom. However, if the hackers believed towards experiencing an abrupt change in the price dynamics of Bitcoin gained nothing but stability around $9.2k, the power is peerless, which only led to massive marketing of Bitcoin that otherwise was trading laterally.
This Twitter Hack was the biggest #Bitcoin promotion ever!
— MMCrypto (@MMcrypto) July 16, 2020
Will this twitter hack act as a strong catalyst to let the Bitcoin Bull Run happen? The solid answer is NO because this brings us to the ultimate conclusion of twitter nodes and software being comparatively less secure than Bitcoin.
Hacking is stealing.
The US dollar is an unaudited SQL database maintained by The Fed that is regularly hacked by inflation. #Bitcoin is the only unhackable database in the world.
— Robert Breedlove (@Breedlove22) July 16, 2020