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Twitter’s Stock Slides 3% After Hackers Target High-Profile Accounts With Bitcoin Scam.

Bitcoin scam

The official Twitter accounts of top personalities got hacked in a particular Bitcoin scam that was on a rampage. Billionaires Elon Musk, Jeff Bezos and Bill Gates are among many prominent US figures targeted by the hackers. Past U.S presidents, politicians, and other high profile individuals also got their Twitter accounts hacked in an apparent Bitcoin scam.

Cameron Winklevoss, the co-founder of the world’s leading crypto exchange Gemini, disclosed that the scammers made away with “a paltry sum,”. He raised eyebrows over the underlying reasons for the attack, insinuating that there is more to the attack than money. 

Fraudsters and cybercrime have been on the rise, during this Covid-19 pandemic. As more individuals become active on the internet, and more people spend more time on the Internet, fraudsters have pulled dozens of different types of scams such as Ponzi schemes, malware, fake ICOs, BTC recovery, fake exchanges, giveaways, video scams, fake tumblers, and many more.

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The twitter hackers deceived their intended victims by doubling their Bitcoins: “Everyone is asking me to give back,” a tweet from Mr. Gates’ account said. “You send $1,000, I send you back $2,000.”

However, Twitter said it was a “coordinated” attack targeting its employees “with access to internal systems and tools”. “We know they [the hackers] used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf.”

Here’s A Growing List of the Victims:

People

  • Barack Obama
  • Joe Biden
  • Elon Musk
  • Benjamin Netanyahu
  • Floyd Mayweather
  • Kanye West
  • Changpeng Zhao
  • Charlie Lee
  • Justin Sun
  • Michael Bloomberg
  • Jeff Bezos
  • Warren Buffett
  • Wiz Khalifa
  • Bill Gates
  • xxxtencion
  • Kim Kardashian West
  • MrBeast
  • Numerous other minor and unverified Twitter accounts

Exchanges and Other Crypto Firms

  • Binance
  • Coinbase
  • KuCoin
  • Gemini
  • Bitfinex
  • Bitcoin
  • Ripple
  • CoinDesk

Corporates

  • Cash App
  • Apple
  • Uber

However, the hacked accounts collectively had at least 139.6 million followers, with some of these accounts having a two-factor authentication. As news of the hack began to creep into the mainstream media, Twitter’s stock plunged 4% after-hours trading as the company tried to swat down hackers that had taken over the accounts of multiple high-profile users.

It’s thus projected by Whale alert that these fraudsters could gain about $50 million dollars before the end of 2020.

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