The controversial case of Elon Musk’s attempt to buy Twitter for $44 million has taken an unexpected turn. Right after Twitter’s former head of security Peiter Zatko stepped up and offered his take on Twitter’s current security issues, Mr. Musk dropped an exclusive cyberwhistle collectible. Besides, this piece of Tesla’s merch costs 1000 in Dogecoin (DOGE), which is about $60 at the time of publication.
Cyberwhistle Sells Out in A Matter of Couple of Minutes
The whistle resembles Cybertruck, one of the e-car models from Tesla. Elon Musk calls for his audience to “Blow the whistle!”, also adding that the whistle sound is going to be much louder in the future. It’s very likely that Elon Musk is referring to transparency, or the lack of, in the outstanding case of his $44M Twitter acquisition.
The cyberwhistle itself has a convenient attachment feature and is to be delivered in 4 to 6 weeks from the purchase. Moreover, Mr. Musk put the DOGE Army first, as this is the only cryptocurrency accepted for the collectible. The question is, will this help Dogecoin (DOGE) get back to winning ways?
But u have to pay in Doge
— Elon Musk (@elonmusk) September 13, 2022
Dogecoin (DOGE) Is Facing Severe Competition
Recently, the top dog memecoin Dogecoin (DOGE) lost the #10 position by market cap to Polkadot (DOT). Moreover, now the rival Japanese dog-themed memecoin Shiba Inu (SHIB) is on Dogecoin’s (DOGE) back. The #12th crypto by market cap trails by less than a million in market capitalization. However, Shiba Inu (SHIB) has already surpassed Dogecoin (DOGE) on Twitter, as the official profile nears 3.5 million followers.
At press time, Dogecoin (DOGE) trades at $0.061096, according to CoinGecko. Not having moved for the past 24 hours, the canine coin records a slight 3.4% in the green for the last 7 days. However, in the longer perspective things don’t look as good. Dogecoin (DOGE) is down by 25.4% in the last 30 days and has to come to terms with an eye-watering 74.2% yearly deficit.
Twitter’s Whistleblower Reveals Cold Truth?
The recently surfaced story of Twitter’s ex-employee has unveiled some shocking allegations linked to the security issues of the social media platform. To be exact, Peiter Zatko wrote a 86-page long whistleblowing report. As the story goes, Mr. Zatko called Twitter’s security “a decade behind”, also implying that everyone’s data is at risk. Moreover, the former head of security stated that Twitter doesn’t care about one-time fines for breach of regulations.
As if that wasn’t enough, Peiter Zatko emphasized that Twitter cares about “revenue generation above anything else”. Finally, he took the role of a whistleblower simply because he wants to see long-term improvement. “I’m risking my career and reputation.. if something good comes out of it five or ten years down the line, it will be worth it”, – Mr. Zatko adds.
The FBI informed Twitter of at least one Chinese agent working at the company, U.S. Senator Chuck Grassley said during a Senate hearing where a whistleblower testified, raising new concerns about foreign meddling at the influential social media platform https://t.co/pFAlCl9uLQ pic.twitter.com/irgbMA91RB
— Reuters (@Reuters) September 14, 2022
On the Flipside
Despite Elon Musk regularly showing love for Dogecoin (DOGE), it is barely reflected on the market price.
Elon Musk has been hit with a $258 billion lawsuit for allegedly building the DOGE Pyramid.
Dogecoin (DOGE) is 92% away from its ATH over a year ago.
Why You Should Care
Twitter’s exec team wanted to sell Twitter to Elon Musk for $44 million. However, Twitter CEO Parag Agrawal allegedly lied about the 5% bot count. The situation raised some eyebrows and the deal was forfeited. After the whistleblower’s case was made public, many people using the platform got concerned about their data safety.
Learn more about the ongoing competition between Dogecoin (DOGE) & Shiba Inu (SHIB):