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New Report Claims Twitter Hack Shows Need For ‘Dedicated’ Federal Oversight Of Social Media

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Zero Hedge
October 15, 2020

With all the insanity in the news over the past three months, it’s no wonder that people seem to have mostly forgotten about the July 15 Twitter hack (reportedly masterminded by a teenage Floridian) which impacted accounts belonging to Joe Biden, and several tech billionaires including Elon Musk, Bill Gates and Jeff Bezos.

Twitter later confirmed that the “cryptocurrency scam” perpetrated by the hackers netted at least $113,000 (“that we know about”). A staggering 130 accounts were impacted by the hack.

Since the hackers used cryptocurrency as their means for pulling off the scam, the New York Department of Financial Services, which has established itself as a preeminent regulator of the cryptocurrency world, has released a 37-page report citing the attack as evidence that a “dedicated regulator” should, in fact, oversee America’s social media companies.

This article was posted: Thursday, October 15, 2020 at 4:01 am





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