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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.
This includes the 2020 Bitcoin address rewrite attacks. The attacker controlled a quarter of all Tor exit relays and employed SSL stripping to downgrade secure connections and divert funds to the wallet of the threat actor known as BTCMITM20. [10] [11] [12] Another notable example is the 2017–2021 attack run by threat actor KAX17.
In case 2020 wasn’t dystopian enough, hackers on July 15 hijacked the Twitter accounts of former President Barack Obama, presidential hopeful Joe Biden, Elon Musk, Jeff Bezos, Kim Kardashian ...
The hack worsened an already ongoing cryptocurrency selloff by an additional $42 billion. [19] On July 9, 2018, the exchange Bancor, whose code and fundraising had been subjects of controversy, had $23.5 million in cryptocurrency stolen. [20] [21] Zaif US$60 million in Bitcoin, Bitcoin Cash and Monacoin was stolen in September 2018 [22]