Yesterday, after a wave of hacking, the Twitter accounts of Joe Biden, Barack Obama, Elon Musk, Bill Gates, and other personalities and big companies were attacked. 

There is great concern in the world of computer security, after a wave of hacking into Twitter accounts with thousands of followers. It is still unclear how the hackers got access to the profiles, through which they tried to carry out a mega-scam with cryptocurrencies. Twitter reported that it was investigating the matter and will soon issue a statement. 

The scam consisted of pretending that some characters, such as Bill Gates or Elon Musk among others, would double the money that any Twitter user would transfer to a bitcoin account supposedly belonging to the celebrity. 

Another victim of the hack was Jeff Bezos, the tweeter who said, “I’ve decided to give back to my community. All Bitcoin sent to my address below will be sent back double. I’m only doing a maximum of $50,000,000.″ The message included a code to make the transfer.

Bezos, Gates, and Musk are among the 10 richest people in the world and have tens of millions of followers on Twitter.

Most of the tweets were quickly removed, but in many cases within minutes of removing the tweet requesting the transfer of bitcoins, a similar one reappeared. This forced some accounts to be suspended.

Later, the social network reported that most of the affected accounts were already enabled to tweet. “While we continue to work, the functionality may fail. We are working to get things back to normal as soon as possible.”

In the political arena, the attack seemed to be mainly directed at Democrats and leftists, prompting comparisons with the 2016 campaign when similar attacks occurred. 

The concern among politicians and government officials is no less. It should be remembered that the Twitter platform became a real tool for communication and discussion between the different candidates, government institutions ,and officials, especially in view of the upcoming presidential elections in November 2020.

 

The bitcoin account mentioned in the fake tweets was apparently created on Wednesday, July 15. By the end of the day, almost 400 bitcoin transfer had been made, an amount currently valued at over $114,000. At some point during the day, almost half of that amount in bitcoins was withdrawn from the account. Those transfers left a history that could help investigators identify the perpetrators of the attack. 

The financial damage to users who were defrauded and made the bitcoin deposits was not so terrible. It was, however, terrible for Twitter’s image, which saw its shares fall by 3.8% hours after the incidents.