The Instagram account of the American hip – hop group Migos was hacked on May 26, 2025, in an apparent attempt to blackmail Raj Gokal, the co – founder of Solana. Here are the details:
The Hacking Incident
Account Compromise: The hackers took control of Migos’ official Instagram account and posted several pictures of Raj Gokal and his private documents. These included non – redacted photos of his passport and driver’s license, as well as images of Gokal’s wife holding a driver’s license and documents with visible contact information.
Blackmail Demands: The pictures were captioned with messages like “You should’ve paid the 40 BTC” or “It was only 40 BTC… should’ve paid,” indicating that the hackers were trying to extort 40 bitcoins from Gokal. At the current market price, that would be worth over $4.3 million.
Previous Warnings by Gokal
Account Takeover Attempts: On May 20, 2025, Gokal had warned his followers on X (formerly Twitter) that attackers had been trying to take control of his email, social media, Google, and Apple accounts for the past week. He asked people to be careful and suspicious of any unusual posts or activities.
Response and Aftermath
Acknowledgment by Migos: Rapper Quavo acknowledged the hack in his Instagram story, saying that the account would be back up shortly.
Removal of Posts: The posts remained visible for over 90 minutes before being deleted. Instagram’s parent company, Meta, took action to remove the posts and regain control of the account.
Involvement of Solana Labs: Solana Labs representatives confirmed that they are working with law enforcement. The Solana foundation said it is supporting Raj Gokal through this privacy violation.
Blockchain investigator Zachxbt suggested that the attackers might have used social – engineering tactics to obtain Gokal’s personal information. There is speculation that the data could be related to the recent Coinbase data breach, but there is no verified evidence yet.
Jack Dorsey’s Block to bring Bitcoin payments to Square by 2026
Jack Dorsey – led Block, which operates Square and Bitkey, announced on May 27, 2025, at the Bitcoin 2025 conference in Las Vegas that it will integrate Bitcoin payments into Square’s platform, with plans to complete the rollout to all eligible sellers by 2026. Here are the details:
Technical Solution: The integration will be powered by the Lightning Network, Bitcoin’s faster, lower – cost layer – 2 scaling network. This will enable merchants to accept Bitcoin payments through their existing Square hardware, offering near – instantaneous, low – cost transactions.
Merchant Options: Merchants will have the option to hold the Bitcoin they receive or auto – convert it to fiat in real – time.
Rollout Schedule: The initial rollout is scheduled for the second half of 2025, pending regulatory approvals.
Product Significance: The new offering is part of Block’s ongoing push to make Bitcoin more accessible and usable for everyday transactions. It builds upon Block’s expanding suite of Bitcoin – related products and services, including Square’s Bitcoin conversion feature, Cash App’s Bitcoin services, Bitkey’s self – custody wallet, Proto’s mining products, and Spiral’s open – source projects. According to Block’s Bitcoin product lead Miles Suter, rolling out a native Bitcoin experience to millions of sellers brings the company one step closer to the goal of making Bitcoin more accessible and usable in people’s daily lives. It also means that small businesses can get paid faster and keep more of their revenue when they accept Bitcoin through Square.
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