Crypto expert and CEO of Ripple, Brad Garlinghouse, has condemned those who “unthinkingly” linked cryptocurrency and the recent Twitter hack purposely because those behind the heinous act used their crypto addresses to defraud the unsuspecting Twitterratti.
Several dignitaries including the presidential hopeful Joe Biden, former president Barack Obama, Kanye West, Entrepreneur Bill Gates, Elon Musk, and many other personalities had their accounts hijacked during the hack.
NewsLogical reported that over $100,000 in Bitcoin was lost within the short time that the social media hackers got hold of some reputable accounts.
A blog on Saturday by Twitter, mentions that nothing less than 130 accounts of important individuals were targeted and affected during the period.
The San Francisco-based firm did not deny the attackers accessed its backend as the hack went beyond the account holders compromising their password alone.
The privacy of the accounts, at least 8 among them, were comprised too. The attackers downloaded the account’s information using the “Your Twitter Data” tool.
However, the privacy of other account holders affected in the attack was not compromised, and the social media giant claimed to have contacted them. None of the eight were verified accounts, Twitter said, adding that it is contacting the owners of the affected accounts.
Ripple’s Brad Garlinghouse on Twitter Hack
The Twitter hack is nothing but an embarrassment in the tech industry and this has been the stand of Ripple CEO Brad Garlinghouse.
Brad Garlinghouse, upon retrieving his account back a few days after the hack, said there’s “finally consensus across the board” that the act is not “a crypto problem”, but the problem of the social platform.
Brad felt sad for the persistent and continuous scam on Twitter and Youtube. At the moment, there are lots of crypto scam ads on YouTube in relation to XRP, Bitcoin, Cardano, and a host of other cryptocurrencies. Surprisingly, the platform are not doing anything to mitigate the bad act.
The CEO said government and consumers have swung into action, however, it is hoped they will give priority to the abuse on the platforms.
April 21, Brad Garlinghouse sued YouTube for failing to police its platform and flush out individuals behind the scam XRP giveaway on the platform.
Since then, nothing has been done against the act, instead, there have been more crypto scams connected to projects like Ethereum, XRP, and Cardano on the platform.
To the world’s dismay, there are increasing crypto scam advertisements on YouTube.