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Modi’s Twitter account hacked: Twitter says necessary steps taken to secure the account

On Sunday, Twitter stated it has taken “required steps” to safeguard Prime Minister Narendra Modi’s account, which had been hacked early this morning and used to spread fake information about India accepting bitcoin as legal cash.

“The situation was raised to Twitter, and the account was secured right away.” “Any Tweet shared during the brief period when the account was compromised must be ignored,” the Prime Minister’s Office announced on Twitter at 3.18 a.m.

At 3 a.m., Modi’s account tweeted that India has recognized bitcoin as legal cash and had purchased 500 bitcoin units to be handed to the country’s citizens. That tweet was taken off.

“We have open channels of communication with the PM’s Office 24 hours a day, seven days a week, and as soon as we became aware of this behavior, our employees took the appropriate actions to secure the compromised account.” “At this point, our research has determined that there are no other impacted accounts,” a Twitter spokeswoman stated.

For the first time since May, Bitcoin has been in turmoil for the past ten days, with its price plummeting below $50,000. According to CoinMarketCap data, the price of the cryptocurrency increased by $200 from $48,600 at 3 a.m. India time, when the fraudulent tweet was sent from Modi’s account to over $48,800 at 3:30 a.m.

In the aftermath of the attack, Nischal Shetty, CEO and creator of crypto exchange WazirX, said there were no big variations in bitcoin values or unusual trading volume on the platform.

“A $200 increase in crypto prices is a regular fluctuation, and I don’t believe it was caused by what was tweeted as a result of the attack.” “The reaction time (for traders) was really short because the tweet was deleted almost quickly,” Shetty explained.

A spokeswoman for cryptocurrency exchange CoinSwitch Kuber also stated that the tweet had no substantial impact on the platform’s prices.

The technical cause for the intrusion, according to Saket Modi, CEO and co-founder of cybersecurity firm Safe Security, is still unknown. “It’s not as if the two-factor authentication technique is impenetrable. A hacker could also gain access by posing as a session or cookies associated with a certain online account.”

Two-factor authentication adds another layer of security to a person’s online accounts, making it more difficult for a hacker to get access.

According to a cybersecurity expert, the people who accessed Modi’s account could have been members of a hacktivist organization looking to make a political statement. It’s also possible that the hackers wanted to profit from the volatility in cryptocurrency values.

Finance Minister Nirmala Sitharaman indicated late last month that the government had no plans to recognise Bitcoin as a currency in the country. A hack in July 2020 purportedly resulted in the theft of more than $118,000 in bitcoin from dozens of Twitter accounts. Current US Vice President Joe Biden, former US President Barack Obama, Amazon.com’s Jeff Bezos, Warren Buffett, Bill Gates, Tesla’s Elon Musk, reality TV star Kim Kardashian, and Ye, the rapper formerly known as Kanye West, were among those whose accounts were hacked.

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