Yesterday, the biggest Cyberattack occurred on Twitter. Many high-profile Twitter accounts of Americans have been hacked. This includes American Former Vice President Joe Biden, Tesla CEO Elon Musk, Microsoft founder Bill Gates and many other important accounts of Apple.
After Twitter Handle Hack, these accounts posted a special message. A link was posted on these accounts and asked for Bitcoins cryptocurrency. Hacking Twitter’s handle claimed that people would be returned double bitcoins if these high profile people give one dollar.
Twitter’s many accounts of the world’s largest businessmen and leaders, including billionaire businessmen Elon Musk, Warren Buffett, Jeff Bezos, and Bill Gates have been hacked.
Actually, this kind of hacking is a Bitcoin scam, understand how!
Posts created by hacked accounts demanded payment in Bitcoin and claimed to be doubled. Bill Gates’ tweet said: “Everyone asked me to give back, so you sent me a thousand dollars, I Will send you two thousand dollars”.
A tweet posted by Tesla CEO Elon Musk’s account also said that the money sent in Bitcoin will double and be returned within the next hour. The link with the anonymous address of bitcoin address posted a Tweet “Due to the COVID pandemic, I am donating”. These tweets were removed within a few minutes of posting.
In addition to the famous American rapper Kanye West, model and actress Kim Kardashian, former President Barack Obama, and Democratic presidential candidate Joe Biden, Uber and Apple’s accounts in the world’s largest companies have also hacked.
Billionaires Jeff Bezos Bill Gates and Elon Musk are well-known American figures who targeted in Bitcoin scam on Twitter yesterday.
The official accounts of Barack Obama, Kanye West, and Joe Biden also demand donations in cryptocurrency, Bitcoin.
What is Bitcoin?
Bitcoin has two main characteristics: it is digital and is considered an alternative currency. Unlike paper currency or coins in your pocket, it exists largely online. Although some professional and specialist ATMs issue bitcoins, it is best to treat them as virtual tokens.
Second, Bitcoin is not printed by the government or traditional banks. Dr. Garrick Hileman of the Judge Business School at Cambridge University stated that this means “this is not legal tender and you cannot pay taxes or use it to pay off debts”.
Bitcoin is formed by a complex process known as “mining”, which is then monitored by computer networks throughout the world.
There are about 5,600 new bitcoins every day, and there are now about 16.5 million bitcoins in circulation. However, like all currencies, its value depends on how much currency people are willing to buy and sell.
Earlier, Twitter had to take extraordinary steps to prevent all verified accounts marked with blue ticks from tweeting. The password reset request was also rejected, and some other “account functions” were also disabled.
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 Support (@TwitterSupport) July 15, 2020
Twitter said it was a “coordination” attack against its employees, “having access to internal systems and tools. We know that hackers use this access to control many highly-known users, including verified accounts and Tweets on their behalf”, said in a series of tweets yesterday.
Hacked Account of verified users also includes celebrities, Businessmen, Journalists, and news agencies as well as government, politicians, heads of state, and emergency services.
It further appended that during the company’s investigation, “important steps” have been taken to restrict access to such internal systems and tools.
At the same time, Twitter CEO Jack Dorsey tweeted: “It was a tough day for us on Twitter. We all feel terrible when this happened.”
All targeted accounts have millions of followers. After high-profile accounts were hacked, Twitter came into action and became effective. Twitter supports posted a tweet, “You will not be able to tweet and change your password immediately. We are investigating this”.
Co-founder of cybersecurity firm CrowdStrike, Dmitri Alperovitch told Reuters: “This seems to be the worst hacking attack on major social media platforms yet.”
On the head of Tesla and SpaceX, Mr. Musk’s official account, hackers offer that within the next 30 minutes, any bitcoin payment sent to its digital wallet address will be doubled. However, as the first such tweet in Musk’s account was deleted, another one appeared, and then the third.
Other Target High Profile includes Kanye West, Reality TV star Kim Kardashian, Former US President Barack Obama, Former US Vice President Joe Biden, the current Democratic candidate, Media billionaire Mike Bloomberg, Carpooling app, Uber, iPhone maker Apple.
The Biden campaign said that Twitter had “locked the account and deleted related tweets within minutes of the breach”. A spokesman for Bill Gates told: “This seems to be part of a bigger problem and issues Twitter is facing.”
As the United States heads into the 2020 presidential election, hacking may also be a simple demonstration of Twitter’s weak security controls. In this general contest, this service may play a significant role.
The Bitcoin account discussed in the fake tweet seems to have been formed on Wednesday. By the end of the day, it had received nearly 12.9 bitcoins, and its current value is slightly higher than $114,000. At some point during the day, about half of the Bitcoin funds have been withdrawn from the account.
Bitcoin is the world’s first cryptocurrency created specifically for the digital world, and currency transactions can be kept secret.
Today, when a bitcoin address shared in hacked tweets on Blockchain.com was examined, it was found that the hackers had received 373 transactions so far and collected 12.86252562 bitcoins – equivalent to more than $ 118,300.89. That is, for the vast majority if not all, of the 359,000 verified Twitter accounts- which means Twitter has been pretty much shutting down for a considerable time. Now hosting a total of just $83.50 at this time.
According to a report by Bloomberg, citing a bitcoin tracking company, almost half of the pods have already been transferred to other bitcoin wallets. Most of the money reportedly came from users in the United States, a quarter from Europe, and the rest from Asia.
World’s first Bitcoin billionaire in 2017, Cameron Winklevoss and his twin brother Tyler were warned people not to participate in Bitcoin scam on Wednesday”.
This is a SCAM, DO NOT participate! This is the same attack/takeover that other major crypto twitter accounts are experiencing. Be vigilant! Situation is ongoing.https://t.co/2k9U3PpnKm— Cameron Winklevoss (@cameron) July 15, 2020
We advise the public not to become a victim of this scam by sending money or cryptocurrencies related to this incident.