Indian Prime Minister’s Twitter Account Hacked, Fraudulent Bitcoin Tweets Posted

Crypto Sponsorships Banned From Upcoming 2022 Indian Cricket Season

Indian investigators will conduct a full investigation of the safety breach, following Twitter’s reluctance to disclose essential particulars relating to the hack.

Indian Prime Minister Narendra Modi’s Twitter account was hacked at round 2 am on Dec. 12, 2021. The hack was used to ship fraudulent tweets that India will settle for bitcoin as authorized tender and that it has purchased 500 BTC, which it supposed to disclose to its residents. Modi’s personal Twitter account has over 73 million followers. The tweet included a fraudulent hyperlink. The vacation spot of the hyperlink is unknown.

Twitter declined to elaborate on the main points of the hack and whether or not further safety is utilized to the accounts of high-profile people. They did, nevertheless, say that Prime Minister Modi has a 24-7 communication channel open with Twitter. The Indian Computer Emergency Response System will launch a full investigation, the outcomes of which might be included in a report that might be handed to the Ministry of Electronics and Information of Technology.

The account was re-secured shortly after the assault, confirmed by the @PMOIndia account urged that followers to ignore tweets despatched from Modi’s private Twitter whereas the account was breached.

Indians very all in favour of crypto

Roughly 83% of city Indians are conscious of digital currencies, whereas solely 16% personal them. Certain Bollywood stars have additionally contributed towards the rising reputation of cryptocurrencies in India, with veteran actor Amitabh Bachchan creating his personal NFTs and changing into an envoy for India’s first cryptocurrency unicorn, CoinDCX.

Indian Government’s stance on crypto nonetheless beneath overview

This hack comes because the Indian Parliament is debating the deserves of a brand new cryptocurrency invoice that will see personal cryptocurrencies banned, however others allowed for the event of the know-how. Prime Minister Modi’s account was previously compromised in Sep. 2020, when scammers requested Modi’s followers for cryptocurrency donations to be made to a Covid-19 Relief Fund.

Earlier this 12 months, crypto pundits referred to as for cryptocurrencies to be handled as commodities by Indian regulation. Later on, through the Winter Session of Parliament, the Indian Finance Minister made it clear that India is not going to acknowledge bitcoin as a foreign money. In their view, solely a central financial institution points digital currencies. This was echoed by the South African Financial Sector Conduct Authority commissioner lately when he stated that the regulatory watchdog views cryptocurrencies as property reasonably than currencies. India and South Africa have plans to launch their very own CBDCs.

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