NewsletterElon Musk Backed Twitter Whistleblower To Testify Over Security Concerns
Elon Musk, the world’s richest man recently cited a whistleblower in order to back out from the proposed $44 billion Twitter deal. However, Peiter Zatko, Twitter’s ex-chief security officer is going to talk about the social media giant’s security in a scheduled US Senate hearing.
Elon Musk Twitter deal to enter senate-house?
According to a report by the Financial Times, Zatko’s session with the Senate judiciary committee can shape the future of Elon Musk Twitter legal battle. Ex security chief alleged that the social media giant misled users and regulators as well over the bot data.
Zatko mentioned that Twitter lacked cyber security practices and permitted foreign intelligence infiltration over the platform. However, it also included concerns regarding the bots. Musk went on to cite the whistleblower in another deal termination notice to the social media giant.
Meanwhile, senators Richard Durbin and Charles Grassley have also called Parag Agra, Twitter CEO to appear at the hearing. The officials have even sent a bunch of questions about its security. However, the deadline to respond to these questions ends on September 26.
The report highlighted that Twitter decided not to comment on the letter. While it is also unclear whether Agrawal will join the session.
Who will win the legal battle?
Elon Musk Twitter deal has been a very a highlight of how big deals can end up in bigger revelations. However, has already sued the social media platform regarding the massive $44 billion deal. Musk mentioned that it eventually underestimated the number of bots running over it. While it also misled the regulators.
However, the Delaware judge has reportedly agreed to add Zatko’s allegation to the lawsuit after the Musk team asked for it. His lawyer mentioned that before Elon Musk Twitter deal, the platform paid $7.75 million in severance to Zatko in June.
It further added it was made in breach of the merger agreement. However, this also constituted an additional basis to end the deal.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Expert Predicts Further Downside For Bitcoin As Fear and Greed Index Drops To 10
- Solana and XRP ETFs Attract Fresh Inflows Even as Crypto Market Falls
- BLS to Release Jobs Report on Nov. 20 as Uncertainty Over Fed Rate Cut Persists
- JPMorgan calls Bitcoin Price Bottom, Predicts It Will Challenge Gold Next Year
- Zcash to Surpass XRP? Arthur Hayes Makes Bold Claim Amid ZEC’s 45% Rally
- Litecoin Price: With a 12% Surge and Pearson BTC Correlation at –0.01, Is LTC Gearing Up for $125?
- What’s Next for Chainlink Price After 53.87 Million Tokens Accumulated
- What the New Bitcoin Model Predicts About a Possible $200K BTC Price Target?
- Zcash Price Soars 45%: Here’s Why
- Bitcoin Price Pattern Points to a Crash to $62k as Fed Cut Odds Fall to 54%
- Zcash Price Defies Market Crash: Will Shrinking Exchange Netflows Keep ZEC Rallying?
