Last Night’s Huge Twitter Hack 💻

Table of Contents

Last Night’s Huge Twitter Hack

There’s been a stunning breach of security at Twitter, a cybercriminal cartel taking over the social media platform on an unprecedented scale. This is Twitter’s highest-profile hack ever. Everyone’s watching.

Twitter scrambled to block verified accounts with more than 200,000 followers from tweeting because, in truth, the site had no idea how to defend itself other than to hit the kill switch.

The blue check accounts were back ten minutes later, but the ordeal left a scene of confusion in its wake. It’s now a hunt for the hackers, their motives, and their accomplices.

There’s smoking-gun evidence that points to Bitcoin scam artists, surprise, surprise. The site’s most prominent accounts, belonging to Kanye, Obama, Bezos, Apple, Uber, and Musk, were all posting strange links to the same web address. But this has got to be a decoy.

You could retire on the gains made from shorting Twitter right before the breach, even if it happened after-hours. You could make mint silencing someone on behalf of a government, but who and why?

The President’s account was too dangerous to mess with, but investors across the social sphere still need to know this wasn’t a hacker’s rehearsal for election meddling in November. Facebook’s stock fell almost 40% in 2016 on that very type of scandal, and think if the suspects get pinned down in China or Russia. That would only fuel geopolitical tensions.

The price of Bitcoin could, and perhaps should, be buried. The leading cryptocurrency is never going to escape the grey market and find institutional support at this rate. Its decentralized nature allows criminals to operate in secret and run scams just like this one.

The hackers are in for Silicon Valley jobs as soon as they graduate from prison, assuming they’ve not already made enough money. What have they pickpocketed from Twitter financially? That’s also a matter for the Invstr community!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.