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Twitter Accounts of Obama, Biden, Bill Gates, Elon Musk And Kanye West Have Been Hacked In Daring Bitcoin Scam

Twitter Accounts of Obama, Biden, Bill Gates, Elon Musk And Kanye West Have Been Hacked In Daring Bitcoin Scam

Multiple high-profile Twitter accounts have been hacked and tens-of-thousands of dollars in Bitcoin have been taken in a daring ‘smash-and-grab’ online scam.

 

It appears that Twitter accounts of individuals such as Bill Gates, Barack Obama, Elon Musk, Kanye West and firms such as Apple and Uber were hacked. A message was then sent out from these accounts stating that if people sent Bitcoin to a certain Bitcoin wallet they would then receive double the amount back.

Twitter Accounts of Obama, Biden, Bill Gates, Elon Musk And Kanye West Have Been Hacked In Daring Bitcoin Scam

The accounts combined have hundreds of millions of followers, and even though the scam was noticed and the messages were deleted within minutes, that was still enough time to fool a few into parting with their Bitcoin. At least $130,000 has so far been taken from around 320 individuals.

Twitter Accounts of Obama, Biden, Bill Gates, Elon Musk And Kanye West Have Been Hacked In Daring Bitcoin Scam

The messages stated that the individuals were only making the offer for the next 30 minutes and that they were motivated by the Covid-19 outbreak and their desire to give something back to their communities.

In a shocking twist, when Binance CEO, Changpeng Zhao, one of the individuals targeted, revealed that it was a scam, his warning tweets were deleted, thus showing that the hackers were still in control of his account.

 

Bitcoin, the decentralised cryptocurrency, is a favourite of scam artists, thieves and criminals as the money is untraceable and cannot be retrieved. Users are aware though of just how unsafe transactions are and so anyone sending Bitcoin has to be absolutely sure of the legitimacy of their transaction. The fact that the official accounts of very high-profile wealthy individuals were used has given this scam an authenticity that others in the past have lacked.

 

 

 

Experts are now speculating as to how the twitter accounts were compromised, and whether there is a serious flaw with the Twitter platform itself. Others have suggested that it is more likely that the accounts were compromised via a third party application, possibly downloaded onto smartphones.

 

 

 

The sophistication of the attack also begs the question as to whether a state actor could have been in any way involved, though this is thought to be unlikely, and was almost certainly the work of a criminal group of individuals motivated solely by making a fast buck. via Thinking Humanity https://ift.tt/32o5j4f

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