What is the Twitter Bitcoin hack and which celebrities have been affected?
BILLIONAIRES Elon Musk, Warren Buffet and Jeff Bezos were among the many verified Twitter accounts that were hacked in a Bitcoin scam.
But what happened and what celebrities were affected? Here is everything we know…
The hack swindled victims out of thousands of pounds[/caption]
What is the Twitter Bitcoin hack?
Some of the world’s richest and most powerful people have been targeted by Bitcoin scammers who swindled hundreds of victims out of £87,000.
Kanye West, Elon Musk and Bill Gates are among those to be targeted in one of Twitter’s biggest ever hack on July 15.
The accounts urged people to send $1,000 (£794) Bitcoins – a type of cryptocurrency – to an address.
In return, users are promised their money will be doubled and returned to them.
The message read: “I am giving back to my community due to Covid-19! All Bitcoin sent to my address below will be sent back doubled.”If you send $1,000, I will send back $2,000!
“Only doing this for the next 30 minutes! Enjoy.”
The address linked to the scam appears to have received more than 11.3 BTC.
The message that was published on major US verified Twitter accounts[/caption]
Which celebrities have been affected?
The tech-savvy thieves managed to hack the world’s richest man, Amazon boss Jeff Bezos, along with the second richest, ex-Microsoft chief Gates, and the fourth wealthiest, investor Warren Buffet.
They also targeted Democratic presidential candidate Joe Biden and former President Barack Obama, who has more than 120 million followers.
Huge corporations Apple and Uber were also compromised.
Below is the list of public figures that were hacked.
- Joe Biden
- Kanye West
- Kim Kardashian West
- Elon Musk
- Bill Gates
- Jeff Bezos
- Barack Obama
- Warren Buffet
The tech-savvy thieves managed to hack the accounts of the world’s richest men[/caption]
What are verified accounts and why did Twitter lock them?
According to Twitter, a blue verification tick lets people know that an account of public interest is authentic.
An account can only be verified if it is determined to be an account of public interest.
The badges appear next to the name of the account’s profile.
Usually, this includes accounts owned by users in music, acting, fashion, government, politics, religion, journalism, media, sports, business, and other key interest areas.
A verified badge does not imply an endorsement by Twitter.
What has Twitter boss Jack Dorsey said about the hack?
Twitter took the incredible step of temporarily blocking all verified accounts from tweeting for a short while and shares fell nearly 4 percent.
The company’s CEO Jack Dorsey tweeted: “Tough day for us at Twitter.
“We all feel terrible this happened.
“We’re diagnosing and will share everything we can when we have a more complete understanding of exactly what happened.”
Just before 11pm UK time, Twitter confirmed it was investigating a “security incident impacting accounts”.
Around four hours later, the social media platform said: “We detected what we believe to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools.
“We know they used this access to take control of many highly-visible (including verified) accounts and tweet on their behalf. We’re looking into what other malicious activity they may have conducted or information they may have accessed and will share more here as we have it.
“Once we became aware of the incident, we immediately locked down the affected accounts and removed tweets posted by the attackers.”
Twitter said it had also limited functionality for a “much larger group of accounts, like all verified accounts (even those with no evidence of being compromised)”.
“This was disruptive, but it was an important step to reduce risk,” the platform said before adding that most functions had been restored.
The compromised accounts were locked and access will be restored to the original account holder “Only when we are certain we can do so securely”.
“Internally, we’ve taken significant steps to limit access to internal systems and tools while our investigation is ongoing.”
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What is Bitcoin?
Bitcoin is a cryptocurrency invested in 2008.
The digital money was created by an unknown person using the name Satoshi Nakamoto.
It came into use in 2009 when its source code was released as open-source software.
Bitcoin is a digital currency[/caption],