Twitter releases statement about crypto scam hack, keeps affected users locked out

Twitter releases statement about crypto scam hack, keeps affected users locked out

Twitter releases statement about crypto scam hack, keeps affected users locked out

Billionaires Elon Musk, Jeff Bezos and Bill Gates are among several high-profile individuals targeted by hackers on Twitter in an apparent Bitcoin scam. "The accounts appear to have been compromised in order to perpetuate cryptocurrency fraud".

Right after they shared the screenshots of the internal user admin panel, the tweets were removed by Twitter staff who only left behind a "This Tweet violated the Twitter Rules" message and temporarily suspended the accounts who shared the info.

USA legislators anxious about future attacks.

Early signs point to the Twitter hack being the work of an insider - potentially a rogue employee with access to a dashboard used to control the accounts of influential users. "We all feel bad this happened", Dorsey wrote in a message on July 15. In addition, Twitter said it has taken significant steps within its own organization to limit access to internal systems and tools while the company's investigation is ongoing.

The tweet that appeared on Tesla founder Musk's Twitter feed said: "Happy Wednesday!" The company has fallen victim to attacks from insiders before, including in a case past year when the Justice Department charged two former Twitter employees with spying for Saudi Arabia by accessing company information about dissidents' accounts.

Hackers have managed to access Twitter's "internal systems and tools", and used their access to compromise some of the most popular accounts on the social network and promote a bitcoin scam. Several high-profile accounts, including @apple and @binance, as well as celebrities @billgates, @jeffbezos, and @elonmusk - which collectively have 90 million followers - were hacked as part of the mass account hijackings. The ability to tweet was restored for most accounts eventually. Even crypto accounts of Gemini, Coinbase, Biance, and Coindesk were all Here are some of the Tweets, all of which seem to direct to singular or organized group of Bitcoin accounts with the premise that they'd receive double the money that they sent.

Twitter shares declined 2.3% after the market closed.

Twitter Chief Executive Officer Jack Dorsey said in a tweet on Wednesday that it was a "tough day" for everyone at Twitter and pledged to share "everything we can when we have a more complete understanding of exactly what happened".

Retail investors, who have access to fewer sources of real-time information and often rely on social media for trading tips, are among the investors most at risk for being conned, according to Viraj Patel, a currency and macro strategist at Arkera Inc.in London.

"We remain in touch with Twitter on the matter".

The FBI said it was aware of the security breach, but declined to comment further.

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