Peter Schiff, a well-known figure in the world of finance and a vocal critic of cryptocurrencies, has found himself at the center of a questionable incident on Twitter today. In a brazen attack, hackers targeted Schiff to promote what appears to be a fake $GOLD coin scam.

The news of this hack came to light when it was announced on Twitter by none other than his own son, Spencer Schiff who, in stark contrast to his father’s views, holds a positive stance on crypto, particularly on Bitcoin.

DO NOT CLICK THIS LINK. My dad is in London and it’s 4 AM over there which means he was almost certainly hacked. He’s not responding to any of my texts. https://t.co/sHvQccCtLp

— Spencer Schiff (@SpencerKSchiff) June 3, 2023

Peter Schiff: Complicated Relationship With Crypto

The elder Schiff has, for years, consistently criticized cryptocurrencies, particularly Bitcoin, dismissing them as nothing more than a Ponzi scheme lacking any intrinsic value. However, in a surprising turn of events, Schiff last week unveiled a collaborative nonfungible token (NFT) art collection that will soon be auctioned on the Bitcoin network.

I haven’t converted. I think the value is in the art. An original oil painting and limited edition signed prints. The Ordinals help add value to the art by making it easier to prove authenticity. The Ordinals themselves could have extra value if it turns out I’m wrong on Bitcoin.

— Peter Schiff (@PeterSchiff) May 28, 2023

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Author: Christian Encila

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