Narendra Modi’s Tweet on Accepting Bitcoin as Money Is False

Earlier on Sunday, a tweet appeared on the account of the Indian Prime Minister of India Narendra Modi announcing, unexpectedly, that the country has adopted bitcoin as a legitimate way to distribute 500 cents, or $ 24 million per modern prices, for citizens. Sorry to rain on your parade crypto currency stans, but the post was false.

Mode Account, arenarendramodi, was briefly stolen Sunday promoting bitcoin and, possibly, data theft or fraud many people. The tweet included a link to what appeared to be a Blogspot (amazingly illustrated) page of “Bitcoin offers,” and encouraged people to rush to get their money (many warning bells). However, Modi and his team managed to regain his Twitter account on Sunday and deleted the thief’s message.

The Indian Prime Minister’s Office says the account was “briefly hacked” in a tweet on the Sabbath. The story grew later on Twitter and the account was secured immediately.

“In the short time that the account was compromised, any shared Tweet should be ignored,” Modi’s office added.

Twitter told Gizmodo on Sunday that there were no signals that other accounts had been affected.

“We have 24/7 open messages with the PM’s Office and our teams have taken action to protect the account which was compromised as soon as we found out about the operation,” Twitter said. “Our research has shown that there are no indications of any other affected accounts so far.”

Social networking sites have expanded that according to his research to date, it seems as Modi account stolen due to any breach of the Twitter system. Also gave the link to Twitter’s best ways to keep accounts secure.

Although the tweet came from Modi’s account, it did not make political power given India’s strong stance on cryptocurrency. Modi himself said at the end of November that all democracies should work together on cryptocurrency to “Make sure it doesn’t fall into the wrong hands, which could ruin our youth,” according to CNBC.

Back in March, the report said that the country is considering violating the rules of mining, trading, and stockpiling cryptocurrencies. Investors in India right now waiting to learn more more about the bill that is coming to this country cryptomoney, which has not yet been established in its Parliament.