Twitter Hacked: Major Twitter Accounts hacked with Bitcoin Scam

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Some of the world's richest and most influential politicians, celebrities, tech moguls and companies were the subject of a massive Twitter hack on Wednesday. Elon Musk, Joe Biden, Jeff Bezos, Michael Bloomberg, Kim Kardashian West and Bill Gates were among the accounts pushing out tweets asking millions of followers to send money to a Bitcoin address.



The hacking of verified accounts of noted people has raised questions on security particularly in view of upcoming US Presidential polls. This hack affecting top politicians and celebrities has helped a Bitcoin wallet receive over $100,000 via at least 300 transactions.

Apple and Uber handles were among the first to be impacted, followed by those of Musk and Gates. In a couple of hours, it had taken over the handles of Obama, Biden, Mike Bloomberg and Amazon founder Jeff Bezos. Around the time handles of boxer Floyd Mayweather and celebrity Kim Kardashian had been affected, Twitter locked most large verified accounts across the US and rest of the world.



How did they do it?
 
An internal tool at Twitter was used to take over the high-profile accounts, screenshots obtained by Motherboard as well as sources revealed.

The tool was used on the Twitter panel to hack OG accounts or accounts that have a handle consisting of only one or two characters. The panel, whose screenshots were widely shared and later taken down by Twitter, showed if the targeted user's account has been suspended, is permanently suspended, or has protected status.

When the Bitcoin address shared on the hacked tweets was checked on Blockchain.com , it was revealed that the hackers have received 373 transactions till now, collecting 12.86252562 Bitcoins – equivalent to over $118,300 (roughly Rs. 89 lakhs). According to a report by Bloomberg, citing a Bitcoin tracing company, almost half of the spoils have already been transferred to other Bitcoin wallets.

Fixing Statements by Twitter:

Twitter earlier had to take the extraordinary step of stopping many verified accounts marked with blue ticks from tweeting altogether.

Password reset requests were also being denied and some other "account functions" disabled.

By 20:30 EDT (08:30pm on Thursday in US) users with verified account started to be able to send tweets again, but Twitter said it was still working on a fix. "We are aware of a security incident impacting accounts on Twitter. We are investigating and taking steps to fix it. We will update everyone shortly," Twitter said in a statement.

The growing consensus is that Twitter, the company, rather than individual users impacted; succumbed to a major hack. While the technical details of the latest breach remain unclear, the leading theory is that hackers gained access to an administrative “panel” used by Twitter employees to manage people’s accounts.

Already, the US is headed for a presidential election. Social media, just like the last time, is going to play a big role. Twitter’s inability to keep this attack at bay does not give any assurance.


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Published By
Shamli Deshmukh | World Uncensored.

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