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Twitter Bitcoin Scam: Jack Dorsey Says “Tough Day For Twitter”

twitter bitcoin scam
source-MarketWatch

A coordinated social engineering attack” said Twitter about the massive target against high profiles of famous people on the platform. The targeted profiles include ex-US President Barack Obama, Tesla’s Elon Musk, investor Warren Buffet, and Amazon’s Jeff Bezos on Twitter bitcoin scam.

CEO Jack Dorsey responded to the Twitter bitcoin scam on the platform earlier this morning. He took on to Twitter to express his opinion on the issue.

“Tough day for us at Twitter. We all feel terrible this happened. We’re diagnosing and will share everything we can when we have a more complete understanding of exactly what happened. To our teammates working hard to make this right,” Jack tweeted.

barak obama twitter bitcoin scam

Twitter accounts of Elon Musk, Jeff Bozes, Bill Gates, Mike Bloomberg, and many prominent Us figures were hacked in a Bitcoin Scam. 

“Happy Wednesday! I am giving back Bitcoin to all of my followers. I am doubling all payments sent to the Bitcoin address below. You send $ 1000, I send $ 2000 back!” The offer was valid “only for 30 minutes”.

This message was posted on account twitter hacked in bitcoin scam. Additionally, accounts of Barak Obama, Joe Biden, and Kenya West also requested donations in the form of cryptocurrency. 

Twitter said it was a coordinated attack by hackers targeting their employees with access to internal systems and tools’.  This helped the hackers to take access to accounts which includes verified and tweet on their behalf. 

twitter hacked bitcoin

The company further said significant steps are being taken to limit access to any such internal systems and tools. The company has laid an internal investigation to check the twitter accounts hacked in bitcoin scam matter.

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Besides, several accounts related to cryptocurrency organizations were also hijacked. Accounts of ride-sharing app Uber and iPhone maker Apple are also hacked.

Such attacks are not uncommon on the platform. In the March 2017 account of Amnesty International, the French economics ministry and BBC’s North America were attacked and broken down. But the recent attack is one of its kind with the aim of garnering as much money as possible. 

The hackers hack twitter account of famous people then posted a Bitcoin scam message on the platform. People were invited to transfer to the BTC address with the promise of doubling the money.

twitter account hacked bitcoin
Source-TNW

The main focus of the twitter Bitcoin scam is crypto money transfer. This approach is ingenious as the transfer of bitcoin from one country to another is easy. Besides, the crypto transactions don’t involve any financial institution in between the transfer which can track the money later. Now tracking the money is relatively difficult when compared to general bank accounts.

According to the data released by Blockchain.com after tracking the link posted on accounts an amount of $118,211.37 was received and most of it was taken out of the leaving the posted account with just $83.40.

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Twitter is now suspecting more such malicious activity on the platform by the hackers who took control of verifies accounts via the employee access route.

Twitter is suspecting that there could also be more malicious activity on the part of the hackers who took control of popular Twitter user accounts via the employee access route. 

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“We’re looking into what other malicious activity they may have conducted or information they may have accessed and will share more here as we have it,” says Twitter.

The scale of ­twitter bitcoin scam was so huge that Twitter at one point as a measure disabled the ability to Tweet. The platform has faced serious attacks in the last few years. At one stage the account of CEO itself hacked.

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