How hackers steal $120,000 from Twitter Users

On this Wednesday, investor’s hard earned money was gone when Twitter accounts were hacked by scammers and fake news about bitcoins went viral from high profile accounts. 

These fake news were posted from verified profiles which have millions of followers. Kim Kardarsian, Joe Biden, Elon Musk and Bill Gates were among the other high personalities which were targeted for viral news about bitcoins.

Scammers hacked some high profile twitter accounts and sent fake news offering $2000 for every $1000 sent to an anonymous bitcoin address.

A tweet posted from Elon Musk’s official account was : All bitcoins sent to my address below will be sent back double the amount. If you send $1,000, I will send back $2,000.” 

Another fake news went viral from Bill Gates’s account: “Everyone is asking me to give back, and now is the time. I am doubling all payments sent to my BTC address for the next 30 minutes. You send $1,000, I send you back $2,000.”

“These kinds of scams have happened in the past, but never at this scale”, said by Arjun Vijay, Co-Founder and Chief Operating Officer, Giottus Cryptocurrency Exchange. It was a well coordinated attack in which multiple accounts got hacked at the same time, with the same tweets sending users to the same scam site. 

Unfortunately, 373 users around the globe fell into this scam and they have lost 89 Lakh before twitter started removing fake tweets. 

This is a lesson for all of us that there is no easy money. As an investor you should double check all the information and schemes that offer you to make quick money in a very short period.

Hackers had complete access to twitter. They could do anything with any account but they chose bitcoins. So people should be careful and we hope that this may bring awareness to people and Twitter users will don’t fall into these kinds of scams.