X Platform Hit by Possible Major Cyberattack
- Major cyberattack reported on X platform; potential major organization involvement.
- Musk hints at large group or nation involvement.
- Downdages impact thousands; Tesla stock falls over 13%.
Elon Musk reported a significant cyberattack against X platform, suggesting the involvement of a major organization or country.
The event highlights vulnerabilities in digital platforms, influencing Tesla’s stock with implications for the crypto market.
X Platform Faces Resource-Intensive Cyberattack Investigation
Elon Musk revealed a massive cyberattack on X. The attack, described as using many resources, impacts the platform’s services. Investigations are ongoing to trace its origin linked to a major organization or nation.
Musk’s statement highlights the scale, mentioning daily attacks against the platform. This attack is notable due to its scale and potential involvement of significant external entities. Elon Musk remains a prominent figure in crypto discussions. Musk said:
“We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved.”
Tesla’s 13% Stock Drop Spurs Investment Concerns
Tesla’s stock dropped over 13% following the outage, potentially affecting investor confidence. Thousands experienced disrupts; Downdetector reported over 40,000 user issues, emphasizing the widespread effect of the attack.
Elon Musk suggested a possible link between the attack and his claims about revealing a “$100 billion fraud” in U.S. entitlement programs. However, this connection remains speculative with investigations still underway.
August 2024 DDOS Attack Patterns Revisited
In August 2024, X faced a similar issue with a reported DDOS attack during an event with President Trump. Such incidents highlight ongoing cybersecurity challenges for digital platforms.
Experts predict that the rise in cyberattacks on platforms like X may lead to increased scrutiny and tighter regulations. Historical trends suggest that companies could adopt robust cybersecurity strategies.
