Solana’s Raj Gokal Doxxed Over Failed Bitcoin Extortion

Solana Labs Co-Founder Raj Gokal was doxxed using Migos’ Instagram account after declining a 40 Bitcoin extortion attempt.

This event underscores security vulnerabilities in celebrity social media exploitation and the resilience of Raj Gokal in refusing ransom demands. In the words posted with Gokal’s identification on the hacked account, “You should’ve paid the 40 BTC.”

Raj Gokal Targeted in 40 BTC Extortion with Migos’ Account

Hackers targeted Raj Gokal, co-founder of Solana Labs, using the Migos’ Instagram account to release sensitive information. The extortion failed, demanding 40 BTC, worth approximately $4.3 million.

Migos did not actively participate in the hack; their account misuse brought high visibility to the extortion attempt. No wrongdoing by Gokal or financial loss to Solana has been confirmed.

Solana Market Stable Amid Publicized Extortion Attempt

While the incident gained publicity, no adverse financial reactions have been documented in Solana’s ecosystem. The event has prompted discussions on improving social media platform security.

The failed extortion highlights the need for enhanced cybersecurity measures across platforms. No actions have been taken by financial regulators or institutional entities addressing this extortion attempt.

Past Doxxing Incidents Differ from Migos Account Hack

Similar doxxing incidents in the past targeted other crypto leaders but lacked the celebrity reach seen here. Historical ransomware demands did not involve such high-profile external accounts.

Historical data suggests temporary market instability post-doxxing events, yet Solana’s market remains unaffected. Current trends foretell heightened scrutiny over social media vulnerabilities in finance.