Connect with us

Hi, what are you looking for?

Metaverse CapitalistsMetaverse Capitalists

Business

Elon Musk blames ‘massive’ cyberattack for X outage

Elon Musk has claimed that his social media platform X (formerly Twitter) came under a “massive cyberattack” on Monday, leaving it inaccessible for several hours.

Speaking on the site once it was back online, the billionaire suggested the assault may have been orchestrated by a “large, coordinated group and/or a country,” and later indicated it might have originated from Ukraine.

Thousands of X users reported problems accessing the platform for much of Monday, with the outage appearing most pronounced between 9.30am and 6pm, as tracked by monitoring site Downdetector. Musk told Fox Business that “we’re not sure exactly what happened,” but said the scale of the attack implied a significant expenditure of resources.

A hacking group known as Dark Storm claimed responsibility on the Telegram messaging app, though their statement is as yet unverified. The group typically targets Israeli sites and promotes cryptocurrency and hacking tools.

X underwent similar outages shortly after Mr Musk completed his takeover in 2022, when the entrepreneur cut much of the workforce and made broad changes to its IT systems. Since buying Twitter for $44 billion (£34 billion), Musk has laid off around 80 per cent of the company’s staff.

The alleged attack comes amid growing protests against Mr Musk’s involvement in Donald Trump’s administration, where he leads the new Department of Government Efficiency (Doge). Tesla premises have suffered vandalism, with demonstrations taking place at dealerships. Musk has previously suggested he may face assassination attempts because of his government role. When an X user posited that hackers wanted to “silence” Musk and the platform, the billionaire tersely responded: “Yes.”

Separately, shares in Tesla, Musk’s electric car company, fell on Monday in response to wider market sell-off, sparked by fears of a US economic downturn.

Read more:
Elon Musk blames ‘massive’ cyberattack for X outage

    You May Also Like

    Stocks

    In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

    Business

    In the UK, the care sector is under incredible strain, it’s good to know there are people working hard to address the issue. One...

    Business

    With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike the right chord...

    Politics

    On January 10, the French government announced plans to raise the retirement age from 62 to 64. The change would mean that after 2027,...

    Dislaimer: pinnacleofinvestment.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 metaversecapitalists.com | All Rights Reserved