The motivations and implications of a hack that had everyone from Coinbase to Kanye shilling a scam for bitcoin.
Storyboard
Twitter Hack
First, they came for Binance’s account. Gemini was next. Then Coinbase. Even CoinDesk. About one hour in, the hack ditched its tagline and went mainstream. Here's everything we know about the massive “Crypto For Health” Twitter hack.
The attacks were apparently coordinated. The Twitter accounts hacked included Elon Musk, Jeff Bezos, Bill Gates, former U.S. President Barack Obama and former Vice President Joe Biden. Prominent figures in the crypto community were also targeted including Binance, Gemini, Coinbase, Bitcoin.org and even CoinDesk.
Bitcoin operates natively online – you can send bitcoin from your phone or computer to anyone else, just about anywhere in the world, in a few clicks, without anyone being able to stop you. And once you’ve sent it, you can’t get it back.
Decentralized social media systems are still immature, but "as of yesterday, we can no longer claim they are a solution searching for a problem."
Talking to CoinDesk at the World Blockchain Summit Asia on Thursday, Changpeng "CZ" Zhao called Twitter's security "weak" after a wave of account …
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