1 min read.Updated: 16 Jul 2020, 05:14 AM ISTBloomberg
Twitter said it is aware of the security incident impacting its accounts and is investigating
The attacks were stunning in scope and almost certainly coordinated
The Twitter accounts of some of the U.S.’s most prominent political and business leaders, from Barack Obama and Joe Biden to Bill Gates and Warren Buffett, were hacked Wednesday afternoon in an apparent effort to promote a Bitcoin scam.
The attacks were stunning in scope and almost certainly coordinated. Others whose Twitter accounts appeared to be hacked included Jeff Bezos, Elon Musk, Kanye West, Uber Technologies Inc., Apple Inc. and Michael Bloomberg, the founder and majority owner of Bloomberg News parent Bloomberg LP. The accounts sent out tweets promising to double the money of anyone sending funds via Bitcoin within 30 minutes.
Twitter said it is aware of the security incident impacting its accounts and is investigating. As the hack was unfolding, verified Twitter accounts suddenly lost the ability to post new tweets. “You may be unable to Tweet or reset your password while we review and address this incident," Twitter wrote on its support account. The company’s shares declined more than 3% in extended trading.
So far, the Bitcoin address tweeted by the hackers has been sent over 12 Bitcoins, worth more than $110,000. It appeared that popular Bitcoin exchange Coinbase has blocked its users from sending money to the address.
Some of the Twitter accounts that were targeted said they used two-factor authentication and strong passwords. The tweets indicate they were posted using Twitter’s web application.
According to TrendsMap.com, the phrase “I am giving back to my community due to COVID-19" has been tweeted 3,330 times in the past four hours. A heat map shows activity centered in Houston but scattered across the globe, including tweets originating from IP addresses in New York, London, Spain, Italy, Jakarta and Tokyo.
Twitter has previously endured high-profile hacks, including one of Chief Executive Officer Jack Dorsey that was administered through a SIM swap -- meaning a user found a way to mimic the phone number of the account and tweet via text message. Following the string of incidents, Twitter closed the loophole by suspending the ability to tweet via text. The official Twitter accounts of more than a dozen NFL teams were hacked earlier this year, just ahead of the Super Bowl.