The FBI has launched an investigation after hackers accessed Twitter’s internal systems to hijack accounts for high-profile people such as US presidential candidate Joe Biden, reality TV star Kim Kardashian, and former US President Barack Obama and billionaire Elon Musk and used them to solicit bitcoins from their followers. The hackers received $100,000s worth of crypto within few minutes of the hack. Twitter suspended the verified accounts from tweeting for a while after the hack.
FBI investigates the hack.
Twitter witnessed the worst security breach in its history as hackers managed to hijack accounts of over 130 verified high profile people. The list of people who got hacked includes, Amazon founder Jeff Bezos, Bill Gates, Elon Musk, Kanye West, and many others. The compromised accounts put out tweets asking for bitcoins from their followers and promising to send them double of what they send to the mentioned bitcoin address. According to the Reuters report, the Federal Bureau of Investigation is now investigating the hack. Twitter is also investigating the hack. The microblogging platform revealed that the hackers downloaded data of accounts. However, those accounts were not verified.
The Twitter hack has worked net positive for bitcoin.
The CEO of Binance Changpeng Zhao, writing about the Twitter hack, said, “looking on the positive side, I believe this unfortunate incident is a net positive for crypto.” He added that it raises awareness of the need for stronger security on internet platforms, something we, the industry players, have been asking for a while. The incident also educates the public about how not to fall for online scams, even if your favorite idol asks you to donate or transfer funds, verify before you send, he noted. The Binance CEO said that the Twitter hack is, regardless, a massive “advertising” campaign for bitcoin.