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Okay here is my mostly baseless conspiracy theory:

As many others have noted, access to the compromised accounts is worth several orders of magnitude more money than the hackers were able to extract using this naive bitcoin scam. Whether it's used to manipulate markets or just resold, the hack is probably worth millions or tens of millions. Is it plausible that hackers who could coordinate and execute this kind of a breach would not know how to maximize the value of the hack and would instead opt for a really naive and not especially lucrative BTC scam?

It is also pretty common knowledge that the activist investor hedge fund Elliott Management has wanted Jack Dorsey removed as Twitter's CEO for quite some time. What if the BTC scam is a cover for corporate espionage? What if the purpose of the hack was actually to make Dorsey look incompetent in the most public way possible, and possibly turn many influential public figures against Twitter? Elliott Management has the resources to finance a breach like this as well as the motive.

An alternate theory would be that this actually was a form of market manipulation -- manipulation of Twitter's share price.



I think you underestimate the value of this hack — it's really safe. BTC is transparent but pretty safe and easy to launder compared to messing with stocks which would draw so much heat that it's very likely you'd get caught.


If their goal was to get BTC, why would they copy/paste the exact same message with the same Bitcoin address for every compromised account? Nobody who could pull this off would be that dumb.


Is it really that much harder to track 1 address vs 10k? It seems like it would be additional work for no marginal benefit.




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