Quantcast
Hackers Compromise Twitter And Run A "Bitcoin Multiplier" Scam - BlockNewsAfrica
  • About
  • Contact
  • Content Policy
  • Partners
JOIN TELEGRAM
BlockNewsAfrica
Advertisement
  • Home
  • Resources
  • Countries
    • Nigeria
    • South Africa
    • Ghana
    • Kenya
  • Buy Bitcoin
    • Buy Bitcoin in Nigeria
      • Luno
    • Buy Bitcoin in South Africa
      • Luno
    • Buy Bitcoin in Ghana
      • Ebitcoinics
    • Buy Bitcoin in Kenya
    • Buy Bitcoin in Cameroon
    • Buy Bitcoin in Africa
  • DeFi
  • P2P Trading
  • Earn Bitcoin
No Result
View All Result
  • Home
  • Resources
  • Countries
    • Nigeria
    • South Africa
    • Ghana
    • Kenya
  • Buy Bitcoin
    • Buy Bitcoin in Nigeria
      • Luno
    • Buy Bitcoin in South Africa
      • Luno
    • Buy Bitcoin in Ghana
      • Ebitcoinics
    • Buy Bitcoin in Kenya
    • Buy Bitcoin in Cameroon
    • Buy Bitcoin in Africa
  • DeFi
  • P2P Trading
  • Earn Bitcoin
No Result
View All Result
BlockNewsAfrica
No Result
View All Result
Home General Crypto News

Hackers Compromise Twitter And Run A “Bitcoin Multiplier” Scam

Kojo Owusu by Kojo Owusu
July 16, 2020
in General Crypto News
0
Hackers Compromise Twitter And Run A “Bitcoin Multiplier” Scam
  • Save
Share on FacebookShare on Twitter

In the early hours of Thursday, June 16, Twitter witnessed the biggest compromise of the platform in history. The compromise affected several high profile verified accounts, including Elon Musk, Obama, and Bill Gates.

The compromise started as a takeover of cryptocurrency exchanges and related accounts, asking people to send bitcoin (BTC) to an address to receive two times of their initial payment.

gemini-twitter-hack-tweet
  • Save

Cryptocurrency accounts on Twitter (popularly known as Crypto Twitter) quickly responded to these tweets, calling them out and asking people to refrain from sending funds.

However, the socially engineered takeover of Twitter accounts got out of hand and expanded to non-cryptocurrency accounts like Elon Musk, Obama, and Bill Gates.

bill-gates-twitter-hack-tweet
  • Save

The long list of affected accounts includes Coinbase, CoinDesk, Justin Sun, Charlie Lee, Bitcoin.org, Kucoin. Bitfinex, Tron Foundation, Ripple, and Cash App.

The Twitter Support account mentioned that the team was investigating the issue, only to fall victim to the hack alongside the account of Twitter CEO Jack Dorsey.

Several big accounts began to post the scam message, starting with: “I am giving back to my fans. All Bitcoin sent to my address below will be sent back doubled.” Twitter has now blocked tweets like that, and others related to it as it races to restore the platform.

At the time of writing, the bitcoin addresses used have received over 400 payments and have collected USD 120,000. Blockchain analysis company, Chainalysis has indicated that are currently on the move although, several exchanges have blocked transactions coming from the addresses.

What Exactly Happened?

Twitter claims it suffered from “a coordinated social engineering attack.” In a series of tweets, Twitter started that hackers targeted “some of” its employees who had access to internal tools, which they used “to take control of many highly-visible (including verified) accounts and Tweet on their behalf.”

We detected what we believe to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools.

— Twitter Support (@TwitterSupport) July 16, 2020

Twitter is now investigating the breach further to see what else might have been affected.

BlockNewAfrica will follow the story and update our readers accordingly. Join us on Telegram for more updates.

  • Save
Tags: Bitcoin (BTC)HackJack DorseyTwitter
LocalCryptos LocalCryptos LocalCryptos
Previous Post

Oduwa Coin: The Digital Cash Of Africa

Next Post

2020 Might Be A Good Time To Get A Crypto Job

Kojo Owusu

Kojo Owusu

Kojo Owusu has been a cryptocurrency marketer and writer for over four years. He has contributed to several bitcoin and cryptocurrency blogs and resource websites. Kojo is now an editor at BlockNewsAfrica and does ghostwriting for other bitcoin blogs.

Related Posts

Major African Remittance App ChipperCash Adds Bitcoin
  • Save
General Crypto News

Major African Remittance App ChipperCash Adds Bitcoin

by Kojo Owusu
November 18, 2020
Binance Is Hiring For Top Positions In Africa
  • Save
General Crypto News

Binance Is Hiring For Top Positions In Africa

by Kojo Owusu
July 14, 2020
Australia Post Offices Now Allow People To Buy Bitcoin
  • Save
General Crypto News

Australia Post Offices Now Allow People To Buy Bitcoin

by Kojo Owusu
July 2, 2020
Bitcoin ATM Company LibertyX Brings BTC Sales To 20,000 Locations
  • Save
General Crypto News

Bitcoin ATM Company LibertyX Brings BTC Sales To 20,000 Locations

by Victory Ade
June 24, 2020
litecoin-digital-coins-on-black-background-blocknews
  • Save
General Crypto News

Litecoin Foundation Adds 4 New Advisors

by BlockNewsAfrica
September 18, 2019
Next Post
2020 Might Be A Good Time To Get A Crypto Job
  • Save

2020 Might Be A Good Time To Get A Crypto Job

Things You Should Read

African DeFi Project Swirge Partners With JustLiquidity Ahead of Presale
  • Save

African DeFi Project Swirge Partners With JustLiquidity Ahead of Presale

October 4, 2020
What Are Ethereum ERC20 Tokens?
  • Save

What Are Ethereum ERC20 Tokens?

May 23, 2020
THUGS.FI Raises 2500 BNB and Launches Successfully on Binance Smart Chain
  • Save

THUGS.FI Raises 2500 BNB and Launches Successfully on Binance Smart Chain

October 10, 2020
CryptoLocally Releases 2nd Version of DeFi Finance Wallet
  • Save

CryptoLocally Releases 2nd Version of DeFi Finance Wallet

November 1, 2020
Facebook Twitter Instagram Youtube
BlockNewsAfrica

Cryptocurrency and blockchain news by Africa for Africans: We provide the latest news, updates, and developments from the African continent.

Find Tags

Algorand Binance Binance Coin (BNB) Binance P2P Binance USD Bitcoin (BTC) Bitcoin ATMs bitfxt Blockchain Blockchain and AI Africa Conference Buycoins Africa CryptoLocally DASH Earn Crypto eBitcoinics ERC 20 Ethereum Exchanges Fiat-On-Ramps FLASH FlashCoins Ghana Cedi ICE3X Jobs Litecoin LocalBitcoins LocalCryptos Luno Mobile Money NaijaCrypto Naira (NGN) P2P Exchange P2P Trading Paxful Privacy Quidax Remitano Ripple Tether USD Trading Tron (TRX) Twitter VALR Wallets YellowCard

Disclaimer: Information like articles, reviews, and tutorials found on BlockNewsAfrica is not investment advice. You are encouraged to do your own research (DYOR) before making any important decisions. You can always refer to our content policy.

© 2020 BlockNewsAfrica - Your ultimate African cryptocurrency companion.

No Result
View All Result
  • Home
  • Resources
  • Countries
    • Nigeria
    • South Africa
    • Ghana
    • Kenya
  • Buy Bitcoin
    • Buy Bitcoin in Nigeria
      • Luno
    • Buy Bitcoin in South Africa
      • Luno
    • Buy Bitcoin in Ghana
      • Ebitcoinics
    • Buy Bitcoin in Kenya
    • Buy Bitcoin in Cameroon
    • Buy Bitcoin in Africa
  • DeFi
  • P2P Trading
  • Earn Bitcoin

© 2020 BlockNewsAfrica - Your ultimate African cryptocurrency companion.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • More Networks
666 views
Share via
Facebook
Twitter
LinkedIn
Mix
Pinterest
Tumblr
Skype
Buffer
Pocket
VKontakte
Xing
Reddit
Flipboard
MySpace
Delicious
Amazon
Digg
Evernote
Blogger
LiveJournal
Baidu
NewsVine
Yummly
Yahoo
WhatsApp
Viber
SMS
Telegram
Facebook Messenger
Like
Email
Print
Copy Link
Powered by Social Snap
Copy link
CopyCopied
Powered by Social Snap