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Why was Bitcoin used instead of Monero in the recent Twitter hack

Posted on November 5, 2022 by admin

Why was Bitcoin used instead of Monero in the recent Twitter hack

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Answer Why was Bitcoin used instead of Monero in the recent Twitter hack

Most of the sites interested in technology and crypto dominated their addresses today, the news of the Twitter hack and the publication of the tweet, which promises to double Bitcoin once it was sent to the address and wallet published in the tweet.

Not many details about these hackers have emerged except for their addresses through which they obtained the victims’ bitcoin, which they will find very difficult to camouflage and hide the movement of these funds due to the way the bitcoin blockchain works, which shows transactions in public.

Many followers are wondering why the hackers have adopted Bitcoin instead of Monero, which is difficult to track and has the ability to hide transactions made via the blockchain, unlike Bitcoin.

Read:Ferrari is looking into blockchain technology, “NFT” and “Metaverse” to integrate them into its services

to reply Ricardo Spani, one of the main moderators of Project Monero, raises this question and tweets:

Buying Bitcoin is a million times easier than buying Monero.

It has an instantly recognizable name, as some people who have seen the tweets have never heard of Monero.

He added:

Bitcoin addresses are much shorter than Monero addresses, which leads to more space in tweets.

In all cases, the hack was somewhat successful.

The victims sent 12 bitcoins, worth $ 118,000, to the address published in the scam tweet, after which this amount was withdrawn to other wallets.

Given the scale of the hack and the millions of people who watched the tweets, the result of the bitcoin earned is small compared to the size of the operation.

Read:Cardano Founder (ADA): May is a big month for us

Read also:

A number of official Twitter accounts were hacked to promote a fake offer of 5,000 Bitcoin

A Twitter employee is accused of complicity in the recent Bitcoin hack, and Twitter responds


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