Amid call for crypto regulation, hacker uses India’s PM Twitter account to promote fake BTC giveaway


At a time when authorities in India are still grappling with how to deal with the growing influence of the crypto industry, it would be unimaginable to think that the country’s Prime minister could be promoting Bitcoin.

But this was what happened yesterday via the official Twitter handle of the PM where a hacker shared a post that the flagship digital asset was now a legal tender in the Asian country and that the government had also made investments in the industry.

How To Get Free Crypto  

Indian PM’s account promote fake BTC giveaway

In the brief hack, the attacker said that the government had “officially bought 500 BTC” and would be “distributing them to all residents of the country.”

While the account has since been recovered by the prime minister’s office, it is unknown if the over 70 million followers of Modi fell for the scam.

This is not the first time that India’s prime minister’s Twitter account has been hacked and used to promote a fake Bitcoin giveaway scam. You’ll recall that his account was one of the compromised accounts in the massive Twitter hack that occurred last year involving other powerhouses like current US president Joe Biden, ex-president Barack Obama and Tesla’s founder Elon Musk.

It is also important to note that India does not recognize Bitcoin as a legal tender. In fact, the country is currently pushing to introduce a number of regulations to the industry in its bid to rein it in whilst pushing for its own Central bank digital currency. 

Coinbase Banner  

India prime minister’s view on crypto

In a recent summit for democracy hosted by U.S. President Joe Biden, India’s prime minister, Narendra Modi, beseeched other world leaders to collaborate on the regulations of new technologies like social media and cryptocurrencies “so that they are used to empower democracy, not to undermine it.”

Available data shows that there are around 20 million crypto investors in the Asian country with over $5 billion worth of investments in the space. 

CryptoSlate Newsletter

Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.

Go to Source
Author: Oluwapelumi Adejumo

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.