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

In a new twist to the ongoing crypto regulation row, hackers have reportedly used India’s Prime Minister Narendra Modi’s Twitter account as part of their scam. The fake tweet encouraged people to participate in the giveaway by sending Bitcoin or Ethereum on August 26th.

India’s Prime Minister Narendra Modi has asked people to be cautious about the use of cryptocurrency. Hacking group “The Shadow Brokers” exploited this and used India’s PM Twitter account to promote a fake giveaway of Bitcoin. Read more in detail here: is cryptocurrency legal.

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

It’s unthinkable that India’s Prime Minister would promote Bitcoin at a time when the country’s authorities are still figuring out how to cope with the crypto industry’s rising impact.

However, this is what occurred yesterday through the Prime Minister’s official Twitter account, when a hacker uploaded a tweet claiming that the flagship digital asset was now legal currency in the Asian nation and that the government had made investments in the sector.

The account of the Indian Prime Minister promotes a phony Bitcoin giveaway.

The attacker claimed in the short breach that the government had “formally purchased 500 BTC” and would “distribute them to all citizens of the nation.”

PM Narendra Modi’s Twitter account, @narendramodi, was momentarily hacked. The situation was taken to Twitter, where the account was instantly protected.

Any Tweet shared during the short time while the account was hacked must be disregarded.

December 11, 2021 — PMO India (@PMOIndia)

While the prime minister’s office has subsequently reclaimed the account, it is unclear if Modi’s over 70 million followers fell for the fraud.

It’s not the first time India’s prime minister’s Twitter account has been hacked and used to promote a phony Bitcoin giveaway scheme. You may remember that his account was one among the many that were hacked in last year’s major Twitter attack, which also included current US Vice President Joe Biden, former US President Barack Obama, and Tesla CEO Elon Musk.

It’s also worth noting that Bitcoin is not recognized as legal money in India. In reality, the government is presently pushing for a variety of rules to be imposed on the business in order to control it, as well as its own central bank digital currency. 

The Prime Minister of India’s position on cryptocurrency

India’s prime minister, Narendra Modi, urged other international leaders to work on the regulation of emerging technologies like social media and cryptocurrency “so that they are utilized to enhance democracy, not to destroy it,” during a recent conference for democracy held by US President Joe Biden.

According to available statistics, there are over 20 million crypto investors in the Asian nation, with over $5 billion invested in the field. 

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


The most relevant daily news in the worlds of crypto, DeFi, NFTs, and more are summarized here.

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

Gain a competitive advantage in the cryptoasset market.

As a premium Edge member, you’ll get additional crypto insights and context in every story.

Analyses of the whole chain

Snapshots of prices

a little more context

For just $19 a month, you can become a member right now. Examine all of the advantages.

Watch This Video-

Related Tags

  • is crypto the future
  • future of cryptocurrency 2021

Latest News

TDX Strategies Raises US$2.5 Million in Series A Strategic Financing Round Led by Transcend Capital Partners

The Toronto-based startup raised the funds to grow its global payments platform. The company is focused on offering consumers a way of paying for...

Bitcoin hashrate recovers, reaches new ATH

The Bitcoin hashrate has been on the rise, with new highs reached yesterday. With a current market cap of $72 billion and an ‘appetite’...

5 cryptocurrency projects that made waves in 2021

In 2019, the crypto market was in a slump. But by 2021, we expect it to be back on top and flush with activity....

Innovative Fantom-Based DEX DefySwap is Now Coming up With NFT Staking

DEXs are a hot topic in the world of cryptocurrency, and this is not only because they offer users an opportunity to trade directly...

Related articles