More than a dozen accounts of famous personalities and corporations were under phishing attack.
To investigate the incident, Twitter had to prohibit sending messages to verified accounts..
Attackers were able to collect over $ 100,000.
International consortium of news organizations developing transparency standards.
A hacker (or a group of attackers) gained access to dozens of well-known Twitter accounts and advertised a massive Bitcoin distribution.
Popular microblogging service Twitter comes under massive attack by unknown attackers.
Fraudsters were able to access the pages of Apple, Elon Musk, Jeff Bezos, Bill Gates, Changpeng Zhao, as well as a dozen other crypto-oriented companies and high-tech giants.
Why the Twitter Hack Used a Bitcoin Scam
Most of the hacked accounts advertise the distribution of 5,000 bitcoins through a phishing site.
Later, attackers began to publish messages with free distribution of bitcoins in exchange for small deposits at the specified address..
List of hacked accounts:
- Bill gates
- Cash App
- Elon Musk
- Barack obama
- Justin sun
- Jeff bezos
- Joe biden
- Kanye west
- Kim kardashian
- Warren buffett
- TRON Foundation
At the time of this writing, the attackers were able to collect over $ 100 thousand in bitcoin.
Ripple CTO David Schwartz said that all compromised accounts used third-party services to access their pages, which most likely allowed the attackers to gain access to the accounts..
Whether this is the reason for the hack remains unknown.
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Even pages using two-factor authentication are reportedly vulnerable to attack..
Twitter shares dropped by more than 4% amid massive attack.
The page of former US President Barack Obama and Joe Biden was also under attack..
Twitter reported that they were aware of the incident, and as a precaution, they blocked the ability to post tweets to almost all verified accounts..
“We are aware of a security incident affecting Twitter accounts. We are investigating and taking steps to fix this. We will provide information [about the incident] as soon as possible, ”added Twitter support.
Against the backdrop of massive hacking, bitcoin is again trending in search terms.
However, despite the largest Twitter hack in history, the price of bitcoin (BTC / USD) almost did not react to the news and continues to hold at $ 9219.
Scammers hack Twitter to hijack verified accounts and steal cryptocurrency
How a Massive Twitter Hack Promoted a $118K Bitcoin Scam
At the end of May, 45th US President Donald Trump threatened to begin tightly regulating all social media after Twitter designated several of his posts as “unreliable”.
At the same time, Vitalik Buterin, the co-founder of the Ethereum blockchain network, said that in the long term, centralized social networks will be able to remain apolitical less and less..
At the time of the attack on Twitter, neither the account of the President of the United States, nor other members of the Trump family were hacked..
Sergey Zhdanov, CEO of the EXMO cryptocurrency exchange, commented on the situation:
The Twitter hack story will negatively affect the cryptocurrency market. I believe that the industry already incurs reputational costs after this promotion. This kind of attention to cryptocurrencies is not the best anchor for the general public. The negative consequences have been replaced now. So, just the next day after the hacking of Changpeng Zhao’s twitter account, Binance Coin lost about 2%. In addition, a number of other assets also showed declines in value. For example, Monero lost 3.36%, ZCash – 2.73% and this is not the whole list. Surprising is the fact that against the background of the latest news, Bitcoin volatility is minimal. There is a smooth downtrend that even a loud burglary scandal could not influence.
BeInCrypto asked experts how the current situation will affect the cryptocurrency market and asked three questions:
1. How account hacking will affect the price and behavior of bitcoin?
2. Do you link the hacking of Twitter accounts with Donald Trump’s statement of strict regulation of social networks??
3. What actions can exchanges take to improve protection against remote attacks?
You can see the answers below:
- Sergey Mendeleev, founder of the Garantex cryptocurrency exchange;
- BTC-Alpha CEO Vitaly Bodnar;
- General Director and Founder of KickEX Exchange Anti Danilevsky;
What do you think? Share your thoughts with us in the comments and join the discussion in our Telegram channel.
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