In a shocking turn of events, the X social media platform has been hit by a “massive cyberattack” that left some users scratching their heads and wondering if they’ve been pranked 🤔. Platform owner Elon Musk, the man who can do everything except make a decent cup of tea, confirmed the attack on March 10th.
“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,” Musk said, adding that he’s not sure if it was aliens or just his mom trying to log in again.
Although user functionality was quickly restored, Musk hinted that the attack was still ongoing. At the time of writing, there were more than 33,000 reports of X outages on March 10th, according to Downdetector. That’s a lot of people refreshing their screens and yelling at their computers 🤬.
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DOGE expands cost-cutting measures
Shortly after winning the November presidential election, Donald Trump appointed Musk to head the Department of Government Efficiency with the mandate of reducing wasteful government spending. So far, Musk’s DOGE claims to have saved $105 billion in taxpayer dollars across 10,492 initiatives, according to a live tracker. That’s enough money to buy everyone in America a fancy new Tesla 🎉!
DOGE reportedly has its sights set on the Securities and Exchange Commission (SEC) and has even called on the public to provide examples of “waste, fraud, and abuse” at the agency. Musk previously described the SEC as a “totally broken organization” that, instead of prosecuting real criminals, misallocates its resources on things that don’t matter, like regulating the stock market 🙄.
With regard to crypto, the SEC’s mandate under President Trump has changed dramatically. According to the Harvard Law School Forum on Corporate Governance, “We should expect the SEC under the second Trump administration to scale back rulemakings adopted under the Biden administration and former Chair Gary Gensler that many viewed as increasing impediments to one of the SEC’s core missions of capital formation.” That’s a mouthful, but basically, they’re going to be a bit more chill about crypto regulations 🙃.
This is a developing story, and further information will be added as it becomes available. Stay tuned for more updates, or just go back to scrolling through your X feed and pretending nothing happened 🙈.
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2025-03-10 21:02