Indian Prime Minister Narendra Modi’s official Twitter account was compromised today, which was then used to share misleading information about the mainstream adoption of Bitcoin (BTC) and the redistribution of 500 BTC among Indian citizens.
On December 10th, in a virtual summit hosted by US President Joe Biden, Modi said that technologies such as cryptocurrencies should be used to strengthen democracy, not undermine it:
“By working together, democracies can fulfill the desires of our citizens and celebrate the democratic spirit of humankind.”
While the long-awaited Lok Sabha Winter Session, a parliamentary meeting to discuss the legality of cryptocurrencies in the region, did not finalize the government’s stance on crypto, hackers of unknown origin managed to gain control of the Prime Minister’s account 73.4 million. to adopt supporters to declare Bitcoin as legal tender.
Bitcoin scammers declare the cryptocurrency legal tender in India. pic.twitter.com/uTe1R7XUWZ
– Priya (@supesuonna) December 11, 2021
While the hack happened at midnight in India (around 4:00 p.m. ET), Twitter user Priya was one of the many crypto enthusiasts who became aware of the inopportune time tweet that read:
“India officially introduced Bitcoin as legal tender. The government has officially bought 500 BTC and is distributing it to all residents in the country. The future has come today! “
The post also included a link asking unwary investors to sign up and claim their stake in BTC. However, this was the second time Modi’s Twitter account had been hacked and used for crypto scams.
Shortly after the hack, the unauthorized tweet was deleted and the hack was confirmed from the Prime Minister’s official account.
PM’s Twitter handle @narendramodi was briefly compromised. The matter was escalated to Twitter and the account was immediately secured.
In the short time the account has been compromised, any tweet shared must be ignored.
– PMO India (@PMOIndia) December 11, 2021
As Cointelegraph reported, hackers were able to crack Modi’s Twitter account as early as September 2020. Using the pseudonym “John Wick”, the hackers shared several tweets urging the Prime Minister’s supporters to “donate generously to the PM National Relief Fund for Covid-19”. . “
Related: India has misinterpreted the private crypto ban, says the creator of the crypto bill
The introduction of India’s crypto law has raised new concerns about the ban on private cryptocurrencies. While the meaning of “private” had yet to be interpreted in the parliamentary session, the lack of information caused panic among investors.
Former finance minister Subhash Garg, who was also the creator of the law, dispelled the speculation surrounding the discussions about the crypto law and rejected the concept of banning “private cryptocurrencies” as a misinterpretation. In an interview with News 18, Garg said:
“[The description of the crypto bill] was maybe a mistake. It is misleading to say that private cryptocurrencies will be banned and to suggest the same thing to the government. “