Crypto

India: hacked into Prime Minister’s Twitter account

AwareDecember 12, 2021, 10:45 AM

Cryptocurrency crooks claimed in a tweet that the country adopted Bitcoin as legal tender.

On the contrary, Narendra Modi believes that these virtual currencies ran the risk of “rotting the young.”

Pixabay

Indian Prime Minister Narendra Modi’s Twitter account was hacked on Sunday, with a message claiming that his country had adopted Bitcoin as legal tender, his cabinet said. The tweet announced that the Indian government had officially purchased 500 bitcoins and was “in the process of distributing them to all residents.” It came with a link pointing to a scam but, according to a tweet from Narendra Modi’s cabinet, it was quickly removed.

The stunt comes as the Indian government prepares to introduce legislation to ban private cryptocurrencies and create a framework for a central bank-controlled digital currency. The latter expressed “serious concerns” about private electronic currencies, such as Bitcoin, Ethereum and others.

Narendra Modi said that these virtual currencies run the risk of “rotting the young” if they fall into “the wrong hands” and raise “serious concerns about macroeconomic and financial stability.” In India, the virtual currency market has exploded after the Supreme Court’s decision in 2020 to reverse a ban on cryptocurrency transactions passed in 2018.

Very prolific on Twitter, Narendra Modi is the most followed political leader in the world of this social network. More than 73 million followers follow his main account. This is the second time that one of his Twitter accounts has been hacked. Last year, tweets asked the population to make a donation to a false fund to fight the coronavirus.

(AFP)

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