Revenue Dept’s Twitter account hacked amid dispute over crypto trading tax

 

THE REVENUE Department’s Twitter account was hacked today (Jan. 16) and turned to promoting non-fungible tokens (NFTs) with the logo changed to one from Bored Ape Yacht Club, Sanook.com said.

The hacking occurred amid a wave of criticism following the department’s announcement earlier this month it would be imposing a 15 percent capital gains tax on crypto trading and mining profits. 

The government is expected to finalise details and dispel some of the confusion that has mounted for local crypto businesses on Jan. 20, Beincrypto.com said.

Investor groups and digital asset trading centres in Thailand all come together to offer guidelines to the Revenue Department to prevent the outflow of investments to foreign trading boards including offering acceptable criteria.

Lots of people also slammed the department after its Twitter account, @RevenueDept, was hacked with many questioning whether its database is secure to go by how easily hackers got in.

According to Cnet.com the Bored Ape Yacht Club is one of the most prestigious NFT collections in the world. A collection of 10,000 NFTs, each depicting an ape with different traits and visual attributes, Jimmy Fallon, Steph Curry and Post Malone are among their star-studded owners. Right now the price of entry is 52 ether, or $210,000. 

CAPTION:

The Revenue Department’s Twitter account after hackers were through with it. Screengrab image: Sanook.com

 

TNR staff

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