Wyden says Dorsey told him at the time that Twitter was working on encrypted DMs, but two years later it hadn’t delivered.Ĭoin Center Director of Communications Neeraj Agrawal noted that while Twitter was compromised, Bitcoin (or crypto) was not. Ron Wyden (D-Ore.) revealed he had met with Dorsey privately in 2018 and discussed implementing end-to-end encryption of users’ direct messages, which could contain sensitive information and may have been vulnerable during the hack. Hawley also asked whether there was a risk that President Trump’s account could have been hacked and how many users might have had their data stolen. Related: Money Reimagined: This Isn't Good for Bitcoin The event, he said, “may represent not merely a coordinated set of separate hacking incidents but rather a successful attack on the security of Twitter itself.” Josh Hawley (R-Mo.), a vocal critic of tech platforms, fired off an open letter to Twitter CEO Jack Dorsey soon after the hack went mainstream. See also: CoinDesk’s full coverage of the Twitter hack Security experts said the hack was likely deep in Twitter’s system, and therefore is not a quick fix. Twitter struggled to resolve the issue, even temporarily blocking verified accounts’ abilities to tweet and reset their passwords. On Wednesday, high-profile accounts belonging to Elon Musk, Kanye West, Barack Obama, Joe Biden, cryptocurrency exchanges and many others were co-opted into a bitcoin scam that netted the hackers at least $100,000. Related: Twitter Hacker Is Mixing Bitcoin Loot Using a Wasabi Wallet, Elliptic Says In 2019 Trump tweeted he is not a fan of bitcoin and that “unregulated crypto assets can facilitate unlawful behavior.” He also reportedly told Treasury Secretary Steven Mnuchin to “go after Bitcoin.”īut immediately following the hack, lawmakers seemed more focused on Twitter’s security problems rather than cryptocurrency’s role in the hack. President Donald Trump himself – associate it with crime. Wednesday’s Twitter hack would seem to spell regulatory doom for Bitcoin, which is widely distrusted in Washington.
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