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Opinion
Tim Culpan

What the Modi Twitter Breach Tells Us About Hackers

They were more pranksters then evil blackhats, but we should take this latest breach very seriously.

Bitcoin 

Bitcoin 

Photographer: T. Narayan/Bloomberg

Last weekend some smart alecks managed to breach the defenses of one of the most ubiquitous media platforms, access the mouthpiece of the leader of one of the world’s most populous countries, and grab the opportunity to broadcast whatever they wanted to 73 million followers. And they used it to pump cryptocurrency.

It’s almost laughable that yet another Twitter Inc. hack — this time on the account of Indian Prime Minister Narendra Modi — should once again become the vehicle for spruiking Bitcoin. “India has officially adopted bitcoin as legal tender,” the tweet sent by hackers from his account read. “The government has officially bought 500 BTC and is distributing them to all residents of the country.”