DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
Subscribe to Durwin
Subscribe to Durwin
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
Seriously, the timing wasn’t random and the implications are immense.
The recent hack of the U.S. Securities and Exchange Commission’s (SEC) Twitter account has raised serious questions about cybersecurity in key financial institutions.
This incident, where a false announcement about the approval of Bitcoin ETFs was tweeted, not only shocked the financial world but also stirred a significant, albeit temporary, disturbance in Bitcoin prices.
For those who know, understand just how many things were hanging on the verdict of the BTC ETF.
The issue here isn’t just about a compromised social media account.
It’s about the integrity and reliability of communication from a regulatory body as crucial as the SEC.
The fact that the perpetrator made substantial financial gains by manipulating Bitcoin prices through this hack is deeply concerning.
The hacker reportedly made more than $3M from longing and shorting BTC prices.
The timing was just impeccable.
One of the most alarming aspects of this incident was the simplicity of the breach.
Reports suggest that the hack was executed through a sim swap — a relatively straightforward technique that doesn’t require advanced hacking skills.
A SIM swap is a fraudulent act where a hacker transfers a victim’s phone number to a new SIM card they control, enabling them to intercept calls and texts, including critical verification codes.
This allows the hacker to bypass security measures and gain unauthorized access to the victim’s personal and financial accounts.
Gulp.
More distressingly, the SEC’s Twitter account did not have two-factor authentication (2FA) enabled, a basic security measure.
Even the FBi is investigating this.
This lapse in cybersecurity points to a larger issue of accountability and preparedness.
Who is responsible?
The SEC, Twitter, or the social media management team?
And more importantly, how do we prevent such breaches in the future?
The hack’s impact was immediate and far-reaching.
In just a few moments, Bitcoin’s value experienced a rollercoaster ride, underlining the cryptocurrency market’s sensitivity to regulatory news.
Yes BTC is young and it can still be vulnerable to market manipulation.
It is part of the process.
Watch when Eth ETF is approved.
Cybersecurity is not just an IT issue but a fundamental aspect of operational integrity, especially for institutions that hold the public’s trust.
Robust cybersecurity measures, including basic protocols like 2FA, are non-negotiable.
How can regulatory bodies like the SEC enhance their cybersecurity measures to safeguard against such breaches and maintain the integrity of their communication?
I still can’t beleive someone actually had the balls to hack the SEC Twitter and manipulate the market hours before the actual news.
Welcome to the wild world of Crypto.
-
Did you know the SEC Twitter account got hacked?
-
#SECHack #Cybersecurity #BitcoinETF #FinancialRegulation #DigitalSecurity #CryptoMarket #TwitterBreach #OnlineSecurity #RegulatoryCommunication #BitcoinVolatility #CyberAttack #FinancialInstitutions #MarketManipulation #CryptoSecurity #RegulatoryOversight #TechnologyRisks #OperationalIntegrity #CyberAwareness
Seriously, the timing wasn’t random and the implications are immense.
The recent hack of the U.S. Securities and Exchange Commission’s (SEC) Twitter account has raised serious questions about cybersecurity in key financial institutions.
This incident, where a false announcement about the approval of Bitcoin ETFs was tweeted, not only shocked the financial world but also stirred a significant, albeit temporary, disturbance in Bitcoin prices.
For those who know, understand just how many things were hanging on the verdict of the BTC ETF.
The issue here isn’t just about a compromised social media account.
It’s about the integrity and reliability of communication from a regulatory body as crucial as the SEC.
The fact that the perpetrator made substantial financial gains by manipulating Bitcoin prices through this hack is deeply concerning.
The hacker reportedly made more than $3M from longing and shorting BTC prices.
The timing was just impeccable.
One of the most alarming aspects of this incident was the simplicity of the breach.
Reports suggest that the hack was executed through a sim swap — a relatively straightforward technique that doesn’t require advanced hacking skills.
A SIM swap is a fraudulent act where a hacker transfers a victim’s phone number to a new SIM card they control, enabling them to intercept calls and texts, including critical verification codes.
This allows the hacker to bypass security measures and gain unauthorized access to the victim’s personal and financial accounts.
Gulp.
More distressingly, the SEC’s Twitter account did not have two-factor authentication (2FA) enabled, a basic security measure.
Even the FBi is investigating this.
This lapse in cybersecurity points to a larger issue of accountability and preparedness.
Who is responsible?
The SEC, Twitter, or the social media management team?
And more importantly, how do we prevent such breaches in the future?
The hack’s impact was immediate and far-reaching.
In just a few moments, Bitcoin’s value experienced a rollercoaster ride, underlining the cryptocurrency market’s sensitivity to regulatory news.
Yes BTC is young and it can still be vulnerable to market manipulation.
It is part of the process.
Watch when Eth ETF is approved.
Cybersecurity is not just an IT issue but a fundamental aspect of operational integrity, especially for institutions that hold the public’s trust.
Robust cybersecurity measures, including basic protocols like 2FA, are non-negotiable.
How can regulatory bodies like the SEC enhance their cybersecurity measures to safeguard against such breaches and maintain the integrity of their communication?
I still can’t beleive someone actually had the balls to hack the SEC Twitter and manipulate the market hours before the actual news.
Welcome to the wild world of Crypto.
-
Did you know the SEC Twitter account got hacked?
-
#SECHack #Cybersecurity #BitcoinETF #FinancialRegulation #DigitalSecurity #CryptoMarket #TwitterBreach #OnlineSecurity #RegulatoryCommunication #BitcoinVolatility #CyberAttack #FinancialInstitutions #MarketManipulation #CryptoSecurity #RegulatoryOversight #TechnologyRisks #OperationalIntegrity #CyberAwareness
No activity yet