Simon Ng The Twitter account of Peter Schiff, a prominent critic of Bitcoin, was recently compromised, leading to the promotion of a gold-branded token by unknown hackers. Spencer Schiff, Peter’s son and a crypto enthusiast, took to Twitter to warn users about following the link shared by the attackers, who were attempting to deceive victims by leveraging his father’s name. After observing the suspicious activity, Spencer tweeted, “Dad Almost Certainly Hacked,” as Peter Schiff supposedly launched the $GOLD token on Twitter.
The hackers seized control of economist Peter Schiff’s Twitter account to endorse the apparent release of a revolutionary cryptocurrency token called $GOLD. A series of tweets were rapidly posted, asserting that this digital asset represents tokenized gold and serves as a gamechanger for gold-backed decentralized finance (DeFi), aiming to empower the #Web3 community. The posts urged Schiff’s followers to “Claim your $GOLD” as the token was “extremely close to selling out.” The tweets, which directed users to the gold.fo domain, as shown in the accompanying screenshot, were eventually deleted.
Spencer Schiff promptly cautioned against clicking the link and shared that his father, who was in the U.K. at the time, was unresponsive to his messages during the early hours of that Saturday, suggesting that his account had indeed been hacked. One of the tweets controlled by the scammers behind the @PeterSchiff account read, “It is truly amazing to see how empowering the crypto community is on Twitter… We are building crypto step-by-step.” These words were highly unlikely to have been authored by Schiff himself.
Peter Schiff has long been skeptical of cryptocurrencies, particularly Bitcoin, which he has likened to a speculative bubble akin to the tulip mania and a Ponzi scheme with no intrinsic value. Simultaneously, he has been a staunch advocate for gold. However, in a surprising move, the financial commentator recently announced his participation in an art sale featuring non-fungible tokens (NFTs) minted on the Bitcoin blockchain, leading to speculation that he may have changed his stance on crypto. Schiff clarified on Twitter that the collection, to be auctioned in June, is a “tribute to gold,” affirming that he is “still not a member of that club.” In contrast, Spencer Schiff supports cryptocurrencies and identifies himself as a Bitcoiner.
What are your thoughts on the hacking incident involving Peter Schiff’s Twitter account? Feel free to share your opinions in the comments section below.
Table Of Contents
FAQ about Twitter account hacking
What happened to Peter Schiff’s Twitter account?
Peter Schiff’s Twitter account was hacked by unknown attackers. They took control of his account and used it to promote a gold-branded token called $GOLD, attempting to deceive followers and lure them into a potential scam.
Who is Peter Schiff?
Peter Schiff is a well-known Bitcoin critic and economist. He is recognized for his skepticism towards cryptocurrencies, particularly Bitcoin, and his advocacy for gold as an investment asset.
How did Peter Schiff’s son respond to the hacking incident?
Peter Schiff’s son, Spencer Schiff, who is a supporter of cryptocurrencies, noticed the suspicious activity on his father’s account. He promptly took to Twitter to warn users not to follow the link posted by the hackers, informing them that his father’s account was likely hacked.
What actions were taken after the hacking incident?
What is the significance of the $GOLD token?
The $GOLD token, promoted through Peter Schiff’s hacked Twitter account, claimed to be a groundbreaking cryptocurrency token representing tokenized gold. However, it is important to note that this token was likely part of a scam and not a legitimate investment opportunity.
5 comments
Wow, Peter Schiff’s Twitter got hacked? That’s insane! Can’t believe scammers would go to such lengths to promote a gold-branded token. Kudos to Spencer Schiff for raising the alarm!
Haha, looks like even the biggest Bitcoin critics aren’t safe from hackers! Peter Schiff must be fuming! But seriously, it’s a reminder to always be vigilant online. Good on Spencer Schiff for warning everyone.
Peter Schiff getting his Twitter hacked to promote a gold-backed crypto token is just ironic! Guess even the skeptics can’t resist the allure of cryptocurrencies. Spencer Schiff did the right thing by calling out the scam.
Can’t say I’m surprised by the hacking incident. Peter Schiff’s been bashing Bitcoin for ages. But promoting a gold token? That’s a new low. Props to Spencer Schiff for stepping up and protecting his father’s followers.
Hacking is always a concern, even for high-profile figures like Peter Schiff. It’s scary how scammers can take over accounts and deceive people. Kudos to Spencer Schiff for being quick to recognize the attack and warn others. Stay safe, everyone!