Recent Incidents of Celebrity Account Hacks
In recent years, several celebrity X accounts have been hacked and used to post tweets related to cryptocurrency. According to previous reports by Zombit, the U.S. Securities and Exchange Commission (SEC) issued a statement regarding the approval of a Bitcoin ETF last January due to the hacking of an X account, which led to significant fluctuations in Bitcoin’s value on that day. The hacker, Eric Council Jr., was ultimately arrested and sentenced to 14 months in prison. Furthermore, the hacker also breached Indian Prime Minister Narendra Modi’s account in 2021, falsely claiming that India had recognized Bitcoin as legal tender.