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News

Gitcoin Recovers Twitter (X) Account After Security Breach

September 9, 2023 - Around 2 mins mins to read

Key Points:

  • Gitcoin recovered control of its Twitter (X) account after a security breach.
  • The platform commits to investigating how the attacker bypassed 2FA verification and implementing stricter security measures.
  • The project’s innovative quadratic funding system and the introduction of Onchain Stamps on Ethereum attest to its commitment to open-source development and digital identity security.
Gitcoin, the platform facilitating payments for open-source software development, has successfully regained control of its official Twitter (X) account following a security breach.
Gitcoin Recovers Twitter (X) Account After Security Breach

In a subsequent announcement on X, Gitcoin revealed its ongoing investigation into the incident, emphasizing the need to enhance security measures.

The breach was first detected by community users on September 1, when unauthorized activity on its official Twitter account raised suspicions of a cyberattack. The unknown attacker had exploited the account to disseminate phishing information.

Despite regaining control, Gitcoin remains puzzled about how the attacker managed to bypass two-factor authentication (2FA) verification. The team is committed to intensifying its efforts to identify the breach’s origin and implement stringent security protocols.

Gitcoin is a renowned platform that enables developers to receive compensation for their contributions to open-source software across various programming languages.

Users can also propose project ideas and seek funding from donors through the platform, which employs a unique quadratic funding system to match community donations and support projects most favored by the community.

Moreover, Gitcoin Passport recently introduced the Onchain Stamps feature, built on the Ethereum Attestation Service (EAS). This innovation enables users to integrate their Stamps into the Ethereum ecosystem, with plans to expand to other EVM-compatible chains.

The technology enhances digital identity security and interconnectedness, making strides toward a safer online landscape.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

EAS

Ethereum Attestation Service

Gitcoin

Gitcoin Passport

hack

Onchain Stamps

Twitter

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.