Balaji Srinivasan shared on Twitter his fear that as the global financial crisis deepens, cash-strapped governments may try to seize crypto investors’ assets to use for their financial needs.
Srinivasan suggested that if resistance is attempted, government agencies could enlist the help of technology companies such as Apple and Google to find private keys on their platforms and forcibly seize assets.
The businessman thinks owners of billions of iPhone and Android devices, Mac laptops, Chrome browsers and online platforms like Google Docs or Gmail are at risk.
At the same time, according to Srinivasan, government agencies encourage the actions of technology giants.
Officials not only allow backdoors to be used on iPhone and Android devices, but also give orders to hack devices to extract data.
“This is not cyber terrorism, this is cyber warfare.
This is not some random hacker who manages to steal a file.
This is the CEO of a large company who gives formal orders to employees to hack into customers’ devices.
I don’t have all the answers, but I want us to start thinking about it ahead of time,” Srinivasan indignantly.
Earlier, Balaji Srinivasan reported on social media that he and his opponents had decided to prematurely end their bitcoin rate bet $1 million.
Srinivasan conceded defeat and sent the lost sum to the winners, providing a publicly available on-the-fly confirmation.