US Senator Demands Explanation From Twitter Inc Over the Hacking Incident

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • After several high profile Twitter accounts hacked by scammers, lawmakers in the US are demanding an explanation from Jack Dorsey, the CEO of Twitter Inc.
  • Hackers illicitly raised $109,000 after fooling citizens into a fake trap to earn bitcoin from minimal investments.

After several high profile Twitter accounts hacked by scammers, lawmakers in the US are demanding an explanation from Jack Dorsey, the CEO of Twitter Inc. Apparently, Hackers illicitly raised $109,000 after fooling citizens into a fake trap to earn bitcoin BTC from minimal investments. Senators like Roger Wicker have demanded Twitter briefing before the Senate Commerce Committee within the next week. 

Us Politicians Are Wary Of All Accounts Now; Including The President 

Another Republican Senator has exclaimed that all accounts are vulnerable to the smallest of threats possible. He even questioned whether the President’s account is vulnerable to such hacks. An expert says that the scam could be even worse had the hackers not been stopped on their tracks. Politicians have become all the more nervous, keeping the upcoming elections in mind. 

Ron Wyden, a Democrat, assured of end-to-end encryption of direct messages two years ago in a private conversation with the CEO, Jack Dorsey. He is still devastated that measures are not in place, and hackers were able to access DMs of Twitter employees. 

Repeated security lapses are a cause of concern with tech-giants like Twitter Inc because it is not the first time scammers have breached security protocols. 

How Hackers Manage To Raise Millions

It started with cryptocurrency exchange Binance, whose account compromised, stating that ‘CryptoForHealth’ will lead to giving back of 5000 bitcoins to the community. Along with the link to donate, people started paying up. Accounts of Barack Obama, Joe Biden, Bill Gates, etc. also breached. Furthermore, The process used here was SIM swapping, wherein employees of an organization coerced in sharing sensitive data to hackers. 

Email IDs of users can be changed/reset without the user receiving any prior information. The two-factor authentication feature switched off, which led to 12 bitcoin being stolen. However, Twitter has apologized for the incident and has promised to take the necessary steps to prevent such fraudulent activities. 

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