Cybersecurity group claims responsibility; no official X attribution.
On May 24, over 25,054 American users reported issues with X (formerly Twitter), caused by a hacktivist cyberattack, without immediate statements from CEO Elon Musk.
The X outage raised cybersecurity concerns but didn’t disrupt cryptocurrency markets or trading activities, illustrating the separation between social platforms and blockchain networks.
Over 25,000 X users encountered issues during an outage on May 24. Elon Musk, CEO of X, has not yet made a statement regarding this incident. Historically, Musk has communicated that X frequently faces attacks that demand large resource coordination. “They attack us every day, but this time it was with a lot of resources. Either a large and coordinated group or a country is involved. We are investigating. They are trying to silence you and your platform.”
The outage highlighted ongoing security vulnerabilities but did not affect cryptocurrency markets or operations. X’s downtime primarily influences social communications rather than financial activity in decentralized networks.
Industry and community reactions to the outage center around cybersecurity challenges without impacting cryptocurrency markets. Hacktivist group Dark Storm claimed responsibility, but X has housed no official attribution for the cause.
Did you know? Outages on X primarily affect social communication within crypto communities but don’t impact fundamental blockchain operations or token contracts.
Ethereum (ETH) remains steady amid X outages, priced at $2,533.84 as per CoinMarketCap data. With a market cap of $305.90 billion and a 24-hour volume of $13.51 billion, ETH sees a 0.09% 24-hour price change, maintaining its operations unimpacted by social platform disruptions.
Experts indicate ongoing investigation into cybersecurity measures will shape X’s vulnerability management. As X addresses these concerns, the cryptocurrency market, devoid of direct impacts, stays focused on advancing decentralized transaction capabilities.
