High profile social media Accounts hacked to promote a bitcoin Scam
Twitter suffered a major security breach on Wednesday, July 15, after a hacker took control of several high profile accounts of major public figures and instructed people to transfer cryptocurrency (bitcoin) to have it doubled, which many people fell for thinking it was real.
The hackers took control of the accounts of major public figures and corporations, including Joe Biden, Barack Obama, Elon Musk, Bill Gates, Jeff Bezos and Apple. Other compromised accounts include those of Kanye West, Kim Kardashian, Michael Bloomberg, Uber, and a number of cryptocurrency exchanges or organizations.
The compromised accounts told Followers to transfer cryptocurrency to a specific bitcoin wallet, and in turn they would receive double the money in return.
Twitter 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”.
The hack unfolded over the course of several hours. To stop the hackers, Twitter stopped all verified accounts from tweeting. The company had restored most accounts by Wednesday evening, July 15 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
Speaking on this was Twitter CEO Jack Dorsey who tweeted: “Tough day for us at Twitter. We all feel terrible this happened.”