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On July 15, 2020, between 20:00 and 22:00 UTC, 130 high-profile Twitter accounts were reportedly compromised by outside parties to promote a bitcoin scam. [1] [2] Twitter and other media sources confirmed that the perpetrators had gained access to Twitter's administrative tools so that they could alter the accounts themselves and post the tweets directly.
Is the Twitter hack a watershed moment to decentralized social media? Does it reinforce negative stereotypes of Bitcoin only being used in crime? CoinDesk asked crypto luminaries to see what they ...
Yes, the Twitter hack was basically a giant bitcoin scam. But the fallout is showing the world the strengths of cryptocurrency and decentralization.
The likes of Elon Musk, Jeff Bezos and Bill Gates were among a long list of names who fell victim to the hack, with tweets being sent out to followers pleading for Bitcoin to fraudulently be sent ...
Clark is widely regarded as the "mastermind" of the 2020 Twitter account hijacking, [4] [5] an event in which Clark worked with Mason Sheppard and Nima Fazeli to compromise 130 high-profile Twitter accounts to push a cryptocurrency scam involving bitcoin along with seizing "OG" (short for original) usernames to sell on OGUsers.
Twitter confirmed that it was a coordinated social engineering attack on their own employees. Twitter released its statement six hours after the attack took place. Hackers posted the message to transfer the Bitcoin to a Bitcoin wallet, which would double the amount.
The ruse included bogus tweets from Barack Obama, Joe Biden, Mike Bloomberg and several tech billionaires including Jeff Bezos, Bill Gates and Elon Musk.
The Bitfinex cryptocurrency exchange was hacked in August 2016. [1] 119,756 bitcoin, worth about US$72 million at the time, was stolen.[1]In February 2022, the US government recovered and seized a portion of the stolen bitcoin, then worth US$3.6 billion, [2] by decrypting a file owned by Ilya Lichtenstein that contained addresses and private keys associated with the stolen funds. [3]