Hackers have compromised yet another prominent figure’s Twitter account, seeking to steal unsuspecting followers’ crypto assets. This time it was India’s Prime Minister Narendra Modi, who fell victim to malicious hacking that took over the twitter account affiliated to his website dubbed ‘Prime Minister’s National Relief Fund (PMNRF).’
The group which has since been identified as ‘John Wick’ gained access to the Prime Minister’s account on September 2nd and posted for donation calls to the PM’s National Covid-19 Relief Fund. Twitter confirmed this development through a spokeswoman whose email response was quoted by Nikkei Asian Review, the media outlet which first reported this incident.
“We are actively investigating the situation. At this time, we are not aware of additional accounts being impacted.”
While the public blockchain addresses do not show any transfer of funds to the scammers, it is not known yet if any funds were sent to these private addresses. Notably, Modi’s account following is a whopping 2.5 million, which might have increased the odds for the scammers getting away with a few coins. The hackers had shared both BTC and ETH addresses, although they were taken down shortly by Twitter.
In an interesting turn of events, ‘John Wick’ took the opportunity to deny being involved with an alleged Paytm Mall hack that came to attention via an online Russian forum. Nonetheless, it appears Paytm Mall was actually not compromised according to a confirmation by its parent company.
Twitter Now a Playground for Crypto Giveaway Scams!
As the crypto market liquidity grows deeper, opportunists have moved to social platforms like Twitter for ‘give away’ promotions, which are fraudulent at the very core. Just recently, prominent politicians in the U.S, including Democratic presidential candidate Joe Biden were hacked similarly. This event brought to light a few underlying issues and has put Twitter to task, given the growing rate of crypto adoption.
Following investigations by the U.S authorities, the giveaway scam, which promised a 2 for 1 return, was traced to Graham Ivan Clark, a 17-year-old. He is alleged to have hacked the prominent profile on Twitter alongside three other individuals. With such developments, it is not surprising that India’s government has again hinted on developing a regulatory framework to ban cryptocurrencies with its financial markets ecosystem.