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Major Bitcoin Scam Targets Celebrities Including Kanye West And Elon Musk

July 16, 2020
in Bangladesh
Reading Time: 1 min read
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Major Bitcoin Scam Targets Celebrities Including Kanye West And Elon Musk
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Accounts of Uber and Apple also appear to have been hacked as part of scam instructing followers to transfer cryptocurrency

Twitter suffered a major security breach on Wednesday that saw hackers take control of the accounts of major public figures and corporations, including Joe Biden, Barack Obama, Elon Musk, Bill Gates, Jeff Bezos and Apple.

The company confirmed the breach Wednesday evening, more than six hours after the hack began, and attributed it to a “coordinated social engineering attack” on its own employees that enabled the hackers to access “internal systems and tools”. Twitter said it was “looking into what other malicious activity they may have conducted or information they may have accessed” in addition to using the compromised accounts to send tweets.

The hack unfolded over the course of several hours, and in the course of halting it, Twitter stopped all verified accounts from tweeting at all – an unprecedented measure. The company had restored most accounts by Wednesday evening, but warned that it “may take further actions”. The company said that it had also locked the compromised accounts and “taken steps to limit access to internal systems and tools” while it continues its investigation.

The compromised accounts, which count tens of millions of followers, sent a series of tweets proposing a classic bitcoin scam: followers were told that if they transferred cryptocurrency to a specific bitcoin wallet, they would receive double the money in return.

Other compromised accounts include those of Kanye West, Michael Bloomberg, Uber, and a number of cryptocurrency exchanges or organizations. ❑

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