Twitter Accounts of Several Notable Personalities Hacked in Massive Cryptocurrency Scam

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SWITZERLAND, JULY 16 – Joe Biden, Bill Gates, former President Obama, Elon Musk, Kanye West, Warren Buffett, Jeff Bezos and Mike Bloomberg are among the prominent people whose Twitter accounts were compromised and posted tweets that appeared to promote a cryptocurrency scam.

Today’s Echo gathers that on Wednesday, several notable personalities began posting messages on Twitter asking people to fund their bitcoin accounts and they would double the amount sent.

According to Gizmodo, someone claiming to be Elon Musk started tweeting an obvious scam to entice his loyal bootlickers to send bitcoin to a random cryptocurrency wallet.

“This happens all the time, but the strange thing about today was that the tweets were coming from Musk’s verified account. And nearly identical tweets were coming from accounts of people like Bill Gates, Jeff Bezos, Kanye West, Joe Biden, Barack Obama, Warren Buffett, every major crypto-exchange, and I’m quickly losing track of all of ‘em,” Gizmodo said.

The hackers appear to be using a number of different wallets but the address being used on tweets from Musk and Gates has received around $59,000 worth of bitcoin so far.

In response to the incident, Twitter has confirmed it took the drastic step of blocking new tweets from every verified user, compromised or no, as well as locking all compromised accounts.

Twitter says it won’t restore access to their owners “until we are certain we can do so securely.”

On Wednesday evening, the company revealed that its own internal employee tools were compromised and used in the hack, which may explain why even accounts that claimed to have two-factor authentication were still attempting to fool followers with the bitcoin scam.

The account takeovers appear to have subsided, but new scam tweets were posting to verified accounts on a regular basis starting shortly after 4PM ET and lasting more than two hours. Twitter acknowledged the situation after more than an hour of silence, writing on its support account at 5:45PM ET, “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 updated its stance on limiting tweets at 7:18PM ET, writing, “We’re continuing to limit the ability to Tweet, reset your password, and some other account functionalities while we look into this. Thanks for your patience.” At 8:41PM ET, Twitter said “most” verified accounts should be able to tweet, adding, “As we continue working on a fix, this functionality may come and go.”

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