Twitter breach resulting in Bitcoin scam; Sen. Hawley reaches out

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The Twitter accounts for some high profile people, such as Elon Musk and Barack Obama, were hacked as part of a Bitcoin scam.

The Bitcoin scam is a tried-and-true one in which the victims are told that if they send BTC to a specific address, they’ll get double that amount back. Naturally, the victims don’t get anything in return. This time around, perpetrators take control of Twitter to set out a big crypto scam.

Massive breach on Twitter

The scale of the hack on Twitter is pretty impressive. The accounts for quite a few famous people, as well as several companies, were compromised in the attack.

Here is a list of some of the notable accounts taken over by the hackers:

  • Elon Musk
  • Joe Biden
  • Mike Bloomberg
  • Kim Kardashian
  • Warren Buffett
  • Gemini
  • Bill Gates
  • Barack Obama
  • Uber
  • Kanye West
  • Binance
  • Apple
  • Coindesk
  • Wiz Khalifa
  • Bitcoin
  • Floyd Mayweather
  • Jeff Bezos

Twitter responded to the attack with the following statement: “We are aware of a security incident impacting accounts on Twitter. We are investigating and taking steps to fix it. We will update everyone shortly.”

It appears that the Bitcoin scam posts have been removed and most of the compromised accounts returned to the control of their rightful owners.

However, the scam was profitable. Over US$100,000 in bitcoins was sent to the Bitcoin address listed in the scam.

Sen. Hawley advised Twitter to seek government help

The social media giant said that the attack was due to one of its employees having their accounts compromised by hackers.

Users of a hacking forum posted screenshots of Twitter’s administrative panel, which showed internal details of user accounts.

The Bitcoin scam hacking attack has caused notice from the federal government. Senator Josh Hawley (R-Missouri) reached out to Twitter saying the social media company should contact the FBI and Department of Justice for help.

In his letter to the social media company, Senator Hawley said, “I am concerned that this event may represent not merely a coordinated set of separate hacking incidents but rather a successful attack on the security of Twitter itself.”

He added, “As you know, millions of your users rely on your service not just to tweet publicly but also to communicate privately through your direct message service. A successful attack on your system’s servers represents a threat to all of your users’ privacy and data security.”

This hack is just the latest in cryptocurrency scams that use the names and likenesses of famous people to lure the unwary. If something sounds too good to be true, such as instantly doubling your Bitcoin, then it probably is.

Images courtesy of Edar/Pixabay, JD Lasica/Wikimedia Commons

Jeff Francis

Jeff has taken a roundabout way to becoming a cryptocurrency writer. He has always had a huge interest in history, which led to him receiving a degree in medieval history. He once thought of becoming a teacher but eventually joined some friends in opening a hobby shop. Jeff eventually took over sole proprietorship of the business and ran it for over 10 years. He then moved on to online selling and then into gaming journalism. He has spent the last 10 years writing professionally for various websites as well as creating content for many businesses. A few years back, he began hearing about Bitcoin and the rise of other cryptocurrencies. A proponent of allowing people to take economic power into their own hands, Jeff has enthusiastically supported cryptocurrencies, not to mention the many benefits of blockchain technology. This interest propelled him to becoming a writer for, and later editor of, several cryptocurrency-focused websites. Jeff is a lifelong geek and gamer. He tries to keep up with the slew of TV shows and movies that fall into the fantasy/sci-fi/superhero genres, and he still plays pen-and-paper role-playing games on the weekends. He lives in Florida, USA, as he cannot stand cold weather.

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