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US’ High-Profile Twitter Accounts Hacked In A Bitcoin Scam!

Source: Fijivillage

US’ High-Profile Twitter Accounts Hacked In A Bitcoin Scam!: Bitcoin is a cryptocurrency. The currency is the enhancement of wealth. However, Bitcoins are prone to scams and frauds. Not so long ago, a Bitcoin scam left some Twitter accounts hacked.

Source: The Verge

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Let us dig into the details of this scam.

They Hacked Billions!

On Wednesday, con artists reportedly hacked into the Twitter accounts of Technology, Political Moguls and major companies in a Bitcoin scam.

Source: BBC

This ruse included bogus tweets from Barack Obama, Joe Biden and Mike Bloomberg.Β  Other than these three, it also included Amazon CEO Jeff Bezos, Microsoft founder Bill Gates and Tesla CEO Elon Musk.

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In the tweets, the hackers offered to send $2,000 for every $1,000 sent to a bitcoin address. Take a look at Bill Gates’ Tweet:

Bill Gates
Source: Yahoo News Malaysia

The fake Tweets came from American Rapper Kanye West’s accounts too.

The Worst Internet Scam!

The Bitcoin scam left everyone dumbfounded as to how can such a thing happen on Twitter. Dmitri Alperovitch, the co-founder of cybersecurity company Crowdstrike said:

“This appears to be the worst hack of a major social problem yet.”

Source: PBS

Right after people realised that its a scam, Twitter said in an email that they are looking into the matter, and they will update shortly. It tweeted:

“We’re continuing to limit the ability to Tweet, reset your password, and some other account functionalities while we look into this.”

Some tweets from the hacked accounts got deleted but, soon it reappeared.

Why Did This Happen?

As of now, there is no immediate clearance over why and who did it. However, some of the tweets directed the user using the email [email protected] His alleged name is ‘Anthony Elias.’ Cryptoforhealth also registered an account on Instagram and posted a cryptic message on Instagram story. It said:

“It was a charity attack. Your money will find it’s way to the right place.”

Unfortunately, we are not sure what do these ‘hackers’ mean, but we assume that this might be related to the previous hackers in the USA.

The Data Is At Risk?

Reports say that it seemed probable that hackers had access to Twitter’s internal infrastructure. Michael Borohovski, the director of software engineering, at security company Synopsys said:

“It is highly likely that the attackers are were able to hack into the back end or service layer of Twitter application. If the hackers do have access to the backend of Twitter, or direct database access, there is nothing potentially stopping them from pilfering data in addition to using this tweet scam as a distraction.”

Let us know what you think about this scam.


About the author

Pranjali Hasotkar

I weave words into meaningful catastrophes.

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