Today marked the day of one of the most widespread Twitter hacks that we've seen in the platform's history. It wasn't just any attack - it was a coordinated attack that took over the accounts of many prominent global figures and companies and spread a message to deposit Bitcoin.
Once Twitter confirmed the hack, there were shutdowns of various account features for verified users, which made it harder for the propagation of more fake tweets.
The following tweet was the one posted from Elon Musk's account. They all generally had the same message:
These tweets are not uncommon. They happen all the time but usually in different forms. People make fake twitter accounts that look almost identical to the persona that they're trying to spoof. Those tweets have similar asks - telling people to send Bitcoin and receive twice as much back.
Bad for Bitcoin?
A lot of people would say that this is bad for Bitcoin. It portrays that nasty image that we continually hear from high level "Bitcoin haters" who like to talk about Bitcoin as a boon for criminal activity rather than a currency for the internet.
Let's keep in mind that the #1 most used medium of exchange in the world for criminal activities is the U.S. dollar. Cash is king of criminal activity.
In my opinion, this is a net neutral event for Bitcoin. Sure, it's some bad press in the sense that people are seeing Bitcoin be used as a tool for crime but it is also a positive in the sense that people are seeing Bitcoin in the media.
any press is good press amirite?
A Push for Education
What I'd like to push for in a time like this - when people who both have some knowledge of cryptocurrencies and people who have no knowledge of crypto currencies see publicity about it - is the idea of crypto & financial education.
The world as a whole needs more financial education in their lives. We all collectively need to stay on top of finance and understand the nuances of currency, investment, etc.
The fact that over $100,000 in Bitcoin was actually sent to these scam addresses (and that was earlier today - the number is probably a lot higher now) on the promise that you would receive double your money back instantly is preposterous.
How are people falling for the idea that they can send Bitcoin to an address and double their money instantly for 0 effort at all?
Any financially educated person would know that they were looking at a complete scam. To send money to one of these wallets would be akin to kissing your money goodbye for ever.
Still, there are naive people out there and we can't protect them all from seeing scams. What we can do is spread the message of education both in and out of crypto. Cryptocurrencies might be notorious for scams, but they are also known for being an incredible tool for empowering the masses to control their own finances.
Learn Crypto & Finance!
|Track Hive Data||Blog & Earn LEO||LEO FAQ|
|Trade Hive Tokens||Learn & Contribute||Hive Witness|
Posted Using LeoFinance