That could have netted the attackers millions.
Naval Ravikant (@naval) is the CEO and co-founder of AngelList. He’s invested in more than 100 companies, including Uber, Twitter, Yammer, and many others.
The idiot has never hacked a thing for profit in his life.
You will blend in perfectly because you have an alibi for why you are buying so many TSLA calls.
And when you buy an OTM put, it’s hard to predict what a good price would be exactly. How far do you think the stock would drop? With a call you could be fairly more confident it will return to a previous level.
That said, this kind of attack requires you to have a good amount of capital on hand, so you need to be a fairly independently wealthy hacker.
If this rocks Twitter to its foundation as a trustworthy platform, it's the end of Twitter as far as prominent figures being willing to utilize it. If Twitter loses its prominent figures edge, it's all coming down. Twitter has nothing else, it's mostly a broadcast platform for elite people in terms of where the extreme majority of all of its value is produced.
That said, that outcome is far-fetched. The content that was Tweeted appears to be far too benign to accomplish that outcome. The attackers seem to have intentionally avoided Tweeting anything particularly dangerous. If they were trying to ruin Twitter, they would have used the accounts to do something far worse, that would terrify prominent figures away from using the service.
I think they had one target in mind, to go after their DMs, and hit lots of accounts as a cover to hide which one was the primary target.
Would make sense to have something like this for @jack, too — could explain why his bio was changed but he didn't tweet.
seriously, this hackers are not so imaginative.
Golden rule is you don't steal money from rich people, only poors.
This "scam", while crude, will probably not result in any loss and it would be much harder to catch them
With Bitcoin, sure nobody knows who owns this account, but the blockchain will store every transaction this account and future accounts make, so trying to actually use the Bitcoin is a fair amount harder.
