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Peter Schiff Twitter Account Hacked Days After His Bitcoin NFT Launch

Crypto cynic Peter Schiff is promoting a fake Gold coin scam on Twitter in what appears to be an apparent hack.
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Peter Schiff Twitter Account Hacked Days After His Bitcoin NFT Launch

Twitter’s favorite crypto cynic and gold proponent Peter Schiff saw his Twitter account get hacked to promote what appears to be a fake gold coin scam.

Spencer Schiff, Peter Schiff’s son, alerted his dad’s followers to not click on the link in the Tweet as it is “most certainly” compromised. Contrary to Peter, Spencer holds a positive stance on cryptocurrencies.

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Hacker promotes fake gold scam

The hacker tweeted from Peter Schiff’s account that he is unveiling the official launch of Gold, a cryptocurrency token poised to empower the Web3 community, binding the worlds of physical and digital currency. The hacker had quote retweeted a previous tweet from the same account that criticized the US government’s move to raise the debt limit once again and creating inflation in the country. Peter Schiff is a known gold proponent and a crypto critic.

 

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Peter Schiff’s entry into bitcoin

Even before this hack, Peter Schiff had seemed to embrace the underlying technology of Bitcoin. The harsh bitcoin critic had announced his NFT collection on Bitcoin Ordinals. The move surprised the crypto community. However, Schiff continues to maintain his claim that bitcoin has no value. Replying to CZ’s tweet welcoming Peter to the bitcoin community, the economist said, I haven’t converted. The Ordinals help add value to the art by making it easier to prove authenticity. The Ordinals themselves could have extra value if it turns out I’m wrong on Bitcoin.

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Jai Pratap

Jai Pratap is a Crypto and Blockchain enthusiast with over three years of working experience with different major media houses. His current role at CoinGape includes creating high-impact web stories, cover breaking news, and write editorials. When not working, you'll find him reading Russian literature or watching some Swedish movie.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
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