Binance CEO: Twitter Hack is an “Advertising Campaign for Bitcoin”

 

CEO of one of the leading crypto exchange, Binance says the latest Twitter hack is an “advertising” campaign for Bitcoin“.

As Changpeng Zhao mentioned on his official Twitter account, the recent Twitter hack is only a global strategy to advertise Bitcoin and crypto. He mentioned: “How often do you get all these famous accounts tweeting about crypto, albeit we all wish they had tweeted about Binance Academy post instead?”

Zhao emphasized that with the growing adoption of cryptocurrency, online platforms, including social networks are required “to revamp their security“. He noted that nowadays platforms mainy aren’t ready to deal with crypto in a secure way.

As Zhao mentioned, Twitter has been targeted first, as its crypto community is more active, noting that Twitter has several security issues.

He also added: “Twitter, and other social media platforms, need to quickly move to a zero–trust security architecture where even compromised internal employees can’t make these types of account take–overs.”

Platforms aside, we, as a society, need to learn how to protect ourselves given the advancements of this new innovation. Binance Academy has an educative piece on how people can protect themselves from online scams like these:https://t.co/sQsSbpzPPz

— CZ Binance (@cz_binance) July 17, 2020