One of the world's largest user data leaks? Hudson Rock, a cybercrime business, stated that 400 million Twitter users' personal information has lately been sold on the black market. Along with Vitalik Buterin and Donald Trump, the French Ministry of Justice has been targeted.
Twitter data has been leaked.
This information was provided to us by the cybercrime business Hudson Rock. According to their statistics, more than 400 million Twitter users' personal data are presently for sale on the dark web's illicit market. This data leak is considered a "credible danger" by the firm. This hacker's collection of sensitive data includes email addresses and phone numbers used to create accounts on the social network.
There are certainly powerful people among the 400 million possible victims. In reality, the hacker's selling announcement is accompanied with an example of 1000 lines. These individuals and organisations include Vitalik Buterin, a renowned co-founder of Ethereum (ETH), Donald Trump, and even the French Ministry of Justice.
According to Hudson Rock, the hacker obtained this information in early 2022 as a result of a weakness discovered in the Twitter programme. The intelligence organisation, however, does not believe it can authenticate the validity of every line in this database.
DeFiYield, on the other hand, examined the 1,000 rows provided by the hacker as an example and claimed that this sample indeed matches the genuine data. However, it is astonishing that a data breach was not discovered earlier by Twitter personnel and Elon Musk when he purchased the firm, especially given the social network's 450 million monthly active users.
Elon Musk was summoned by a hacker at Black Market.
If this data breach is accurate, it might pose a serious problem for crypto ecosystem actors that operate anonymously — or pseudonymously — on Twitter, as their identities could be disclosed. Scammers face an even larger risk, as they may face legal consequences for their actions.
Of course, the majority of users are at risk. Malicious actors might use these email addresses to conduct phishing attacks. Indeed, email is still a popular way for scammers to take cryptocurrency or NFTs. In addition to selling the data file, the hacker contacted Elon Musk. He promised him $276 million in order to prevent the sale of the data and a sanction from the General Data Protection Regulation (GDPR) agency.
As a reminder, the CNIL fined Uber in 2018 for leaking sensitive data on 57 million users, including 1.4 million on French territory. Some of the consumers involved thought the fine, which amounted to 400,000 euros for the French company, was too low.
Let us utilise this chance to reinforce an essential point: it is critical to be as cautious and diligent as possible as you progress in the Web3 environment. Ensure that your various accounts are secured using the two-factor authentication method, that your passwords are updated on a regular basis, and that your cryptocurrencies are stored securely.
The crypto entrepreneurs have filed to attract Elon Musk despite having a $600,000 goat statue. Elon Musk is currently the wealthiest person in the world and the owner of some of the world's most popular businesses.
On 26th November, the statue was delivered to Tesla's Austin headquarters. The 30-foot, 12,000-pound metal sculpture of Elon Musk was made as a publicity stunt by the co-founders of the meme coin Elon Goat Token (EGT). CEO of Tesla Elon Musk has apparently treated a $600,000 statue of him in a goat structure with utter ignorance.
Statue’s Structure:
The statue is enormous, standing 30 feet tall and weighing approximately 12,000 pounds. It is entirely made of metal, according to reports. Additionally, a Dogecoin is attached to a dog collar that the statue wears around its neck. According to the EGT whitepaper, the statue's specifics indicate that the statue's conceptual design was drawn and rendered in Los Angeles. In addition, it was ensured that the statue could be transported by road, and it was transported to the Tesla headquarters on a 50-foot semitrailer.
Reason behind the publicity stunt by the crypto entrepreneurs:
The EGT founders planned the massive publicity stunt and they justify their bizarre act of trying to entice the billionaire by claiming in the project description that they are "Elon Superfans." However, according to many crypto enthusiasts, the stunt is done completely for the marketing purposes of the meme coin and to increase the hype of EGT. As we have seen earlier that Elon is supporting a popular meme coin i.e. Dogecoin so it was supposed that this meme coin will also gain some attention from Elon Musk but it doesn’t look like it’s happening at the moment.
EGT founders were attempting something that no other crypto project has attempted before, according to their website's project description. However, despite their arduous efforts, their plans did not appear to accomplish the primary objective. Despite the fact that Musk did not publicly acknowledge the stunt, the statue received extensive media coverage, including likes from The Washington Post, Business Insider and The Wall Street Journal.
Elon GOAT Token community expressed disappointment on Telegram that Musk did not acknowledge the crowd-funded statue bearing his likeness. Some users expressed frustration at the billionaire's lack of response in-person and on Twitter, while others speculated that Musk was "definitely accepting" the project due to the fact that Tesla security had not removed the statue from outside its gates. Both of these scenarios were based on the fact that the statue was still there. Many publicity stunts were seen in the crypto world recently but this one was surely a new and interesting one that sadly didn’t gained Musk’s attention.
As part of Elon Musk's $44 billion acquisition of Twitter (TWTR), Binance, the largest cryptocurrency exchange in the world by trading volume, announced it had invested $500 million. This modest but significant action sparked rumors that the social media company might one day run on blockchain technology.
Musk Successfully Takes Over Twitter.
Musk completed his $44 billion acquisition of Twitter late on Thursday, gleefully tweeting, "The bird is liberated," and promptly removing several top executives from their positions. After months of public and legal battles over the sale, this finally happened. Early sources state that the new owner has already drastically lowered Twitter's c-suit. Twitter CEO Parag Agrawal, CFO Ned Segal, and top attorney Vijaya Gadde, who played a key role in the decision to block former President Donald Trump's account on the social media network in January 2021, are reportedly among the departing staff. Although it might only be a temporary post, Musk will take over as CEO, according to a source who talked with Bloomberg.
As per the reports, his next step would be to reinstate Twitter users who have received lifetime bans from the platform, including Trump.
Before finalizing the acquisition, Musk indicated that securing the "future of civilization" was his main driving force in buying Twitter.
Instead of dividing into "far right-wing and far left-wing echo chambers," Musk says the objective is to maintain a "common digital town square," where individuals of diverse viewpoints may discuss on their points of view without resorting to violence.
Other objectives include combating Twitter spam bots, which might be done by putting blockchain-based solutions in place.
Bot spam is particularly common in the cryptocurrency world, where con artists frequently use false identities to entice investors by impersonating influencers and other well-known people, including Elon Musk.
Binance Founder Expressed His Excitement about Working Together with Musk
Binance revealed on Friday that it has invested in Twitter's acquisition by billionaire internet entrepreneur Elon Musk as an equity investor (TWTR).
The founder of Binance, Changpeng Zhao, expressed his excitement in an email, "We're thrilled to be able to support Elon in realizing a new vision for Twitter. We want to help social media and Web3 work together to increase the use and adoption of blockchain and cryptocurrency." A team from Binance is reportedly being formed to think of ways that blockchain technology and cryptocurrencies can help Twitter.
In a tweet, Zhao claimed that Binance had sent $500 million as part of the transaction two days prior. CoinDesk's request for comment from Twitter did not immediately receive a response.
A few Twitter executives were reportedly taken to the door as Musk closed the transaction on Oct. 27. The new owner of the social media platform then purportedly cleaned house. In May 2022, according to a statement made by Binance, it will invest alongside 18 other investors in Twitter, including major cryptocurrency investment firms Sequoia Capital Fund, Fidelity Management, and Research Company.
The founder of Binance said on October 28 that the company had placed money on the table as Musk completed his acquisition of Twitter. To check that the business had wired the monies earlier in the week, CZ used the newly acquired platform.
Conclusion
Zhao clarified that he was not personally involved in the transaction and quipped that he thought the transfer had been made using traditional banking methods rather than a blockchain or cryptocurrency transaction in response to a user on the Twitter thread who wrote "CZ" now owns part of Twitter: "We are small potatoes, just a tiny bit." Zhao responded to other comments, clarifying that he was not personally involved in the transaction.
Just recently, Tesla Inc. came forward with its third-quarter earnings report. Tesla's Q3 financial reports show that Tesla didn't sell any BTC during the quarter. Its accounting report further reveals that $218 million are in digital resources, unchanged from the second quarter.
At the time of writing this post, the cost of Bitcoin is $19,431.70. Tesla purchased $1.5 billion worth of the digital currency in mid 2021 and has not bought any more since. The organization sold around 75% of its BTC possessions in the second quarter of this year.
In the third quarter, Tesla's income rose to $21.5 billion, contrasted with experts' projections of $22.1 billion. Benefit excluding a few things rose to $1.05 per share, surpassing the $1.01 normal of evaluations incorporated by Bloomberg.
During the Tesla's Q3 profit call, Elon Musk stated that Tesla could be worth more than the consolidated worth of Apple and Saudi Oil Organization (Saudi Aramco) in the coming years. The two companies are at present the world's biggest organizations by market cap. Elon further explained that interestingly I see a way for Tesla to be generally two times the worth of Saudi Aramco.
At this time, Saudi Aramco's market cap is $2.09 trillion while Apple's market cap is at $2.31 trillion. Tesla's market cap is $695.76 billion. Elon Musk likewise shared his economic outlook during the call. He stated that China is encountering a downturn of sorts generally in the property markets and Europe has a downturn of sorts driven by energy. North America's in very great wellbeing, albeit the Federal Reserve is raising loan costs more than they ought to, yet I think they'll ultimately understand that and cut them down once more.
Just recently, we also heard the news of Elon musk buying twitter and on that news he said that he amped up for the Twitter situation. Elon and other financial backers are clearly overpaying for Twitter at the present time however the drawn out potential for Twitter in his view is a significant degree more prominent than its ongoing worth.
Musk as of late uncovered that purchasing Twitter speeds up the making of "X - The everything app." He initially attempted to back out from purchasing the virtual entertainment platform yet switched the decision towards buying it. The court has given Musk time until Oct. 28 to close the acquisition to avoid a trial.
Dogecoin is one of the greatest crypto networks today. Dogecoin represents a large number of individuals who loves making money and community with a combination of laughter. The thing that billionaires like Elon Musk also joined the community has simply added to the Dogecoin craze. Today, it is the tenth biggest digital currency by market cap and it is worth 8.4 billion dollars. However, after the recent ETH merge, it has also become the second largest coin with the proof-of-work mechanism.
Dogecoin is mined utilizing proof work. This indicates that the entire miner community uses PCs, and a lot of energy is consumed to solve the mathematical questions and equations, validating exchanges and after all this, they get DOGE as a reward. As per a popular crypto tracking website "Currency.com", almost every single day the number of DOGE that is mined by the miners is 14.4 million, adding to the DOGE's 132.6 billion total supply. DOGE coin has no CAP unlike Bitcoin which has a restricted supply of 21 million that will ever exist.
Elon Musk buying “Twitter” effect on “Dogecoin”:
Elon Musk finally signed the deal to buy one of the well known social media platform by warding off numerous legal difficulties - and agreed to pay $44 billion for Twitter, which emerges to $54.20 per share. Twitter acknowledged the conditions of the deal, yet it was indistinct the way in which the financing plan or go-private deal would be organized. A few analysts estimated that the company will now soon be held under control of Elon Musk.
A day after the news that Elon Musk will buy Twitter broke, the prices of all crypto currencies were seen flooded by 4%. DOGE profited from the news the most and got back to the list of the Top 10 coins by market capitalization.
Elon's consistent help for Dogecoin, and his execution of Dogecoin into Space X's and Tesla's payment systems, supports the potential for Dogecoin to be given greater utility on the social media platform giant.
Some indicates that Musk would probably coordinate crypto payments on Twitter somehow or another - at the time of turning into Twitter's greatest investor in the wake of taking a 9.2% stake, he proposed various changes to the Twitter Blue premium service which offers admittance to premium elements - one of which was to have the choice to pay the monthly fee utilizing Dogecoin.
Despite the fact that Elon has worked with the developers of Dogecoin in 2021, professing to further develop their framework exchange productivity, the new Twitter procurement has many individuals pondering the fate of Dogecoin, as no official statements has emerged since the Twitter acquisition.
