The social media platform X recently experienced a significant cyberattack that disrupted access for some users, according to platform owner Elon Musk, who confirmed the incident on March 10.
“We face cyberattacks daily, but this one was exceptionally large-scale and well-coordinated. It likely involved either a powerful collective or possibly a state actor,” Musk stated.
Although user access was quickly restored, Musk suggested that the attack had not yet fully subsided.
At the peak of the disruption, Downdetector recorded over 33,000 outage reports on March 10, highlighting the scale of the issue.
Musk acknowledged the attack in response to a social media user who pointed out various recent threats against his enterprises, including demonstrations against the Department of Government Efficiency (DOGE) and vandalism at Tesla retail locations.
NBC News reported that at least ten Tesla stores and vehicles have been subjected to acts of vandalism, seemingly in response to Musk’s advisory role within the Trump administration.
DOGE Implements Aggressive Cost-Cutting Measures
Following Donald Trump’s victory in the November presidential election, Musk was appointed head of the Department of Government Efficiency (DOGE), tasked with minimizing unnecessary government expenditures.
To date, DOGE claims to have saved taxpayers $105 billion through 10,492 initiatives, as per its live tracking system.
Reports indicate that DOGE is now focusing its efforts on the Securities and Exchange Commission (SEC), inviting the public to report instances of “waste, fraud, and abuse” within the agency.
Musk has previously criticized the SEC, describing it as a “deeply flawed institution” that misallocates resources instead of addressing significant financial crimes.
Regarding cryptocurrency regulations, the SEC’s approach under the Trump administration has seen notable shifts.
According to the Harvard Law School Forum on Corporate Governance, “The SEC under a second Trump term is expected to roll back regulations introduced during the Biden administration and former Chair Gary Gensler’s tenure, which many believed hindered the agency’s mission of capital formation.”
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