Everything was going good until Kirby decided to promote a project which was being tested and not yet audited or proven. They asked people to invest in it and investors who then looked up to them as those who spotted early trends invested, the project was hacked and $15million  was stolen by the hacker although half of the funds was later returned. This made blue Kirby suffer some set back in his reputation with the (Ethereum community)

Kirby was also actively  promoting and selling NFT’s which they had launched. Rumors of funds going directly to Kirby started spreading to the point that it got Rarible, an NFT market place to suspend the NFT from it’s marketplace thereby ruining Kirby’s reputation more.

On October 4th, Kirby left the Ethereum community and also deactivated the twitter account. It is believed the $1millon Kirby left with was gotten from selling YFI tokens and also in addition to the funds he made from selling NFT’s and off-Blue sales.

When speaking on whether or not Kirby would return to the Crypto-Community, Anthony Sassano who documented the the incident said “I highly doubt it. There are some things you can come back from but it doesn’t seem like this will be one of them,” said Sassano, adding that “even if what Blue Kirby did was an honest mistake and even if they originally had good intentions, they have probably hurt too many people and broken too much trust to be welcomed back with open arms.”

The scammer links a site cryptoforhealth .com (might want to stay off the site until twitter comes up with a solution) where they claim to help people in this hard times of Covid-19, they also claim that top exchanges such as Binance, Kraken, Gemini etc are in partnership in these giveaways. They ask you to participate by sending them bitcoin first ranging from 0.1 to 20 BTC which is a typical sign of a scam. 

PLEASE BE WARNED, THIS IS SCAM !!!

The companies mentioned above would never ask you to send them Crypto for any reason.

The CEO of Binance, CZ has asked users not to click the link and not send any Cryptocurrency..unfortunately a few minutes later, he also got hacked. 

Crypto Twitter sees Massive Hacks. 

The hack is said to have started with a Cryptocurrency trader who goes by the name @AngeloBTC on twitter, he was hacked first. Then followed by Binance, CZ, Justin Sun and many others. 

They even Retweeted these tweets with those hacked accounts which shows that they are either a group doing this or one person. 

The hacker also uses one wallet address in all the hacks involving cryptocurrency accounts. 

Extended Hack to non crypto influencers

The hackers have also extended this activities into other large personalities in the society such as Bill Gates, kim kardashian, Kanye West, Barack Obama and many more.

The Hack has struck the Crypto Space with a lasting scare since today will never be forgotten not even for the Twitter team. They single highhandedly hacked a whole lots of accounts

The Twitter support has said that they are working on identifying what the problem was, and Tron CEO, Justin Sun who was also a victim of the hack has offered to pay $1 million to anyone that can i identify who did the hack and get their accounts back.

YouTube Promoted Scam Ads

It is surprising or a bit disgusting and annoying to find out that YouTube could actually allow promoted cryptocurrency scam ads to be displayed to millions of their customers, they do not allow legit cryptocurrency ads to be advertised, so why allow scams. Recently, these misleading ads have been constantly displayed on YouTube videos. YouTube at some point started removing videos that had anything to do with cryptocurrency, they however debunked it as an error promising to reinstate the videos back. (Forbes article).

With all that has been happening, one is left with the option of wondering if the Google subsidiary YouTube is very well conscious of what they are doing and seriously wants to paint cryptocurrency as a bad choice to newbies who are most likely going to fall to the scam.

What the Scam Ads look like

You would normally see them anywhere you would have seen a YouTube ad (before and in between videos). Sometimes too they are uploaded like a live stream on the Video platform. The scammers take videos of popular individuals in the crypto space like CZ, Vitalik , Elon Musk and even recently the CEO of Cardano Charles. They take these videos of them speaking in public gatherings like blockchain summits, on these videos they add text promising you 100% or more returns of your initial deposits almost immediately.

It is worth noting that YouTube is yet to address any of this and it is alarming because individuals are losing money on these scams.

Here is what CZ had to say

Meanwhile, we can’t even buy ads on YouTube…  crazy world.Quote Tweet

ADAs CEO, Charles Hoskinson

Will Scam always be there?

Sadly, the answer might be YES. Our daily lives are filled with it honestly, in Banks, in Face to face dealings and the rest of them. We could however minimize the risk of getting scammed by learning and understanding how they work, and fixing the amount of greed we have. When offered something too good to be true, let’s try to contact the official handles or communities to confirm them before sending funds.

They will try to be smarter and create new ways to scam, but so will you, you will be ready.

With the latest Torus update to V1.7.2, users can send cryptocurrency to any twitter or Github accounts, they can do this even if they haven’t logged into the Torus wallet app before. The new update also offers users the option of creating a new Ethereum wallet with any of the following social media handles : Google, Facebook, Reddit, Twitch, Discord, Apple ID, Github, LinkedIn, Twitter, Line and Passwordless Accounts. 

Crypto Twitter

This news is most beneficial to the Crypto Twitter (CT), a term used to refer to cryptocurrency traders and investors on the twitter social media platform. 

There is a large amount of the cryptocurrency community on twitter, they are sure to make use of the new development to tip individuals or favorites just like it’s down on telegram. 

Testing the new Protocol 

Torus Labs tested the new twitter function on some top cryptocurrency personalities on twitter. They sent Eth to Vitalik Buterin, founder of Ethereum,  they sent to Elon Musk, CEO of SpaceX and also to Binance CEO CZ. 

Whether or not this individuals received it is still unknown as at the time of writing. 

Not long after this, most of the Crypto Twitter community had already chimed in and given their best shot to explain Bitcoin in as simplest terms as possible.

Bitcoin Twitter Response

Elon Musk Responds

Not long after, Elon Musk responding with a tweet that actually made a lot of sense and was bullish for Bitcoin in general.

Drunk Rowling

Unfortunately, Rowling already had 4 strong drinks in her system by the time she got all of these responses from Crypto Twitter attempting to explain what Bitcoin is.

I’m only allowing myself alcohol at weekends during this lockdown and I’m on my fourth very strong Old Fashioned and honestly, you might as well send me a scroll written in Sanskrit. – J.K. Rowling

Ethereum Founder Vitalik Buterin’s Response

One of the best responses I saw was from Vitalik Butern pointing out exactly why Bitcoin is so valuable. With ETH2 Staking launching soon, Ethereum will have a huge surge of demand during all the retail investors getting in.

Fear of Inflation

Lately many people have been discussing the impending inflation that is coming due to the feds printing trillions of dollars for stimulus packages and to prop up the economy during the pandemic. This has stemmed fear into many people that their savings will soon lose much of its purchasing power and as a result, people are considering Bitcoin and other Cryptocurrencies for the first time.

Recently Paul Tudor Jones announced he holds 1% of his wealth in Bitcoin as a hedge against inflation. Around this time Bitcoin also had it’s 3rd halving event, reducing the total number of Bitcoin created per day.

This means supply is decreasing, while demand is increasing and could cause a huge price spike in Bitcoin and other cryptocurrencies.

Conclusion

We are seeing more people take interest to Bitcoin lately than ever before and I believe this will result in a new retail demand for Crypto unlike anything we have seen before.

Bitcoin was created in 2008 during the last recession for this exact purpose. Will we finally see Bitcoin, Ethereum and other crypto’s finally get the lime light and pass the 1 trillion dollar global market cap for the first time?