The big picture: Experts pointed out that the plot to steal bitcoin was small potatoes compared with the much worse things a malefactor could do with access to Twitter’s highest profile accounts.

President Trump essentially governs via the social network, dictating new policies and threatening other world leaders. In the wrong hands, that account could start a war. (Trump’s account did not appear to be compromised in this incident.)

Many have long warned of this danger. I wrote in 2016 that President Trump should ditch his cell phone (and Twitter) for the sake of national security.

Between the lines: Some of the deeper problems revealed Wednesday relate to Twitter’s structure.

The blue check mark next to a name is supposed to indicate that you can trust the identity of the account.
But those are exactly the accounts that were compromised.