Given the serious concerns about crypto currency’s possible use for money laundering and terror financing, Prime Minister Modi had warned Indians looking to invest in it. While the government is working on a strategy to come out with a regulatory and legal framework around the surging cryptocurrency market in the country, Prime Minister Narendra Modi’s Twitter handle was hacked on December 12 and bitcointards as well as Twitter needs to be held accountable for the same.
PM Modi’s twitter account “very briefly compromised”:
On December 12, at 2:11 am, a tweet put out by Modi’s Twitter account claimed that “India had officially adopted Bitcoin as a legal tender, and that the government had bought 500 bitcoins, which it was distributing to all residents of the country.”
The tweet also had a link attached to a blog with a postscript that said, “The future has come today.”
But, an hour later, another tweet was put out from the official handle of the Prime Minister’s Office. The tweet from PMO read, “The Twitter handle of PM @narendramodi was very briefly compromised. The matter was escalated to Twitter and the account has been immediately secured. In the brief period that the account was compromised, any Tweet shared must be ignored.”
A shameful tactic to target PM Modi:
The fundamental idea behind the origin of cryptocurrency is that no government should be able to control the flow of money. The government’s deregulation was a necessity in the wake of the 2008 financial crisis, but now crypto has become a matchstick that can anytime set fire to the proverbial gunpowder called the financial market of the world. Recently, RBI governor Shaktikant Das had also expressed his reservations around the deregulated crypto market. With so much confusion and risks prevailing in the market, it’s only natural for the Modi government to caution against the hyper-inflated crypto market.
Read more: PM Modi’s decision on cryptocurrency is timely and absolutely correct
But the ‘bitcointards’, insensitive towards the hazardous outcomes India could witness due to the usage of cryptocurrency, continue to target PM Modi while on the contrary, the latter prioritizes the nation’s safety and the economy as well.
In addition to that, Twitter, which has a rather flagrant history of censoring Indian voices, had investigated the matter and that it appeared that the account “was not compromised due to any breach of Twitter’s systems.” But, given Twitter’s anti-India instances, it can be speculated that the recent hacking of PM Modi’s twitter account is another attempt to target him. Moreover, the incident clearly depicts how unsafe twitter actually is that it failed to prevent a random tech guy to hack account of a country’s PM.