Indian Prime Minister Narendra Modi’s official Twitter account has been compromised this morning and was used to spread misleading information about the widespread adoption of Bitcoin (BTC) and the redistribution of 500 BTC among Indian citizens.
10th of December, said Modi at a virtual summit moderated by US President Joe Biden, that technologies like cryptocurrencies should be used to strengthen democracy, not undermine it:
“By working together, democracies can fulfill the aspirations of our citizens and celebrate the democratic spirit of humanity.”
The long-awaited winter session of the Lok Sabha, a parliamentary session to debate the legality of cryptocurrencies in the region, did not clarify the government’s stance on cryptocurrencies, but Hackers of unknown origin managed to take control of the Prime Minister’s account with more than 73.4 million followers in order to declare Bitcoin legal tender.
Bitcoin scammers declare the cryptocurrency legal tender in India. pic.twitter.com/uTe1R7XUWZ
– Priya (@supesuonna) December 11, 2021
Bitcoin scammers are declaring cryptocurrency to be legal tender in India.
Even if the hack happened at midnight in India (around 4:00 p.m. ET) Twitter user Priya was one of many crypto enthusiasts who recognized the calamity Tweet what did he say:
“India officially introduced Bitcoin as legal tender. The government officially bought 500 BTC and distributed it to all residents of the country. The future has arrived today.”
The post also included a link asking unsuspecting investors to sign up and claim their stake in BTC stock.. However, this was the second time Modi’s Twitter account had been hacked and used for cryptocurrency 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
The Prime Minister’s Twitter account @narendramodi was compromised for a very short time. The matter was moved to Twitter and the account was immediately protected.
Any tweets shared in the short time the account was compromised should be ignored.
As Cointelegraph reported, hackers managed to crack Modi’s Twitter account in September 2020.. Using the pseudonym “John Wick”, the hackers shared several tweets urging the Prime Minister’s supporters to “make a generous donation to the Prime Minister’s National Aid Fund for Covid-19”.
Introduction of the Indian crypto law has raised new concerns about the ban on private cryptocurrencies. While the meaning of “private” was not yet interpreted in the parliamentary session, the lack of information caused panic among investors.
Clarification of the speculations about the discussions about the cryptocurrency law, Former finance minister Subhash Garg, who was also the creator of the bill, rejected the concept of banning “private cryptocurrencies” as a misinterpretation. In an interview with News 18, Garg said:
“[La descripción del proyecto de ley sobre criptomonedas] maybe it was a mistake. It is misleading to say that private cryptocurrencies will be banned and the government will insist on it. “