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Top level Indian-American executive resigns from Twitter

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rishi-garg-twitterNew York: A top-level Indian American executive has quit micro-blogging site Twitter to pursue some exciting new projects, the latest in a string of high-profile departures.

The exit of Rishi Garg, Twitter’s head of mergers and acquisitions, comes weeks after Twitter said it is replacing its CEO, Dick Costolo, with co-founder Jack Dorsey as an interim CEO, a media outlet reported.

“After an amazing ride as Twitter’s VP Corporate Development and Strategy, I’m saying farewell today (Saturday),” Garg tweeted.

“I am off to pursue some exciting new projects; more soon! #staytuned,” Garg added.

He joined Twitter in May 2014, from the firm Square, where he was head of corporate development.

Before that, Garg was an entrepreneur with General Catalyst Partners, Google and MTV Networks.

“Our team has built a stronger Twitter with a dozen acquisitions in the last year including @periscopeco,@zipdial,@tellapart, @joinniche,” Garg’s post read.

“It’s been a privilege to bring incredible entrepreneurs into the #flock like @kayvz, @crazyfoo, @valwagoner, @jeffma, @dlach5, @gabor.”

“I can’t wait to witness the company’s next chapter under @jack, a truly gifted leader and human being,” he added.

In latest developments, Twitter said it is looking for a CEO with a “full-time commitment” to run the service.

The board has formed a search committee and hired executive search firm Spencer Stuart, to find outgoing CEO Costolo’s replacement.

The board said it will be looking at candidates both inside and outside of Twitter, and would take the time necessary to find the right person, CNET reported.

With Twitter chairman and co-founder, Dorsey taking the reins as interim CEO on July 1, there is speculation that he could make the job title permanent.(IANS)

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Twitter Confirms Third-Party Involvement in Crypto Hackings

The scam is made to seem more trustworthy as various other compromised accounts reply to the tweet claiming that it works

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Twitter confirms third-party involvement in crypto hackings. Pixabay

Micro-blogging site Twitter has confirmed that a third party software provider is responsible for the series of cryptocurrency-related hackings on its platform.

A Twitter spokesperson said attackers exploited a third-party marketing solution to blast fake Bitcoin giveaway links from a slew of verified accounts, The Next Web reported on Friday.

The confirmation comes days after a number of high-profile public figures and brands including Elon Musk and Google got their accounts breached to propagate malicious cryptocurrency giveaway links.

To make the accounts appear legitimate, the scammers used accounts with Twitter’s own verification mark.

Twitter, India
Twitter on a smartphone device. Pixabay

In such cases, clicking on any of the links in the scam guided users to a page where they were urged to send anywhere from 0.1-one Bitcoin to the scammers — with the promise that they would receive one-10 Bitcoin as a reward, the media had reported.

But the victims never received any Bitcoin after sending money to the scammers.

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The scam is made to seem more trustworthy as various other compromised accounts reply to the tweet claiming that it works.

“The confirmation the hackings originated from a third-party app explains how the attackers managed to run the Bitcoin giveaway scam at such a large scale and in such an organised manner,” the report added. (IANS)