Cryptocurrency Scam: Hackers Get Access to Twitter Accounts of Famous People and Crypto Exchanges

Updated on Jul 16, 2020 at 2:11 pm UTC by · 3 mins read

Twitter accounts of celebrities, major corporate company accounts, and famous politicians were compromised in one of the biggest Twitter hacks in history. As per Twitter, the hackers managed to access to the company’s internal systems and tools.

In a major Twitter hack on Wednesday, July 15, accounts of several high-profile individuals, companies and crypto exchanges were compromised. Official accounts of famous personalities like Jeff Bezos, Bill Gates, Barack Obama, Elon Musk and others were victim to the broadly targeted hack.

Apart from these, official corporate Twitter handles of companies like Uber, Apple, Coinbase, Binance, and CoinDesk were also compromised. However, all the accounts had a common pattern in the tweet posted by the hackers. All the compromised accounts posted a message with a Bitcoin wallet address for making the payment. The tweet also referred that the celebrities would pay double the payments against individual contributions as part of COVID-19.

In an immediate response coming by Wednesday evening, Gemini CEO Tyler Winklevoss warned his followers. He wrote: “DO NOT CLICK THE LINK! These tweets are SCAMS.”

Winklevoss also informed that the hackers had a scam partnership with a group dubbed CryptoForHealth. As a warning message to Twitter users, people are now tweeting with #CryptoForHealth asking other users to not fall for the scam.

Crypto Scammers Managed to Dodge Twitter Employees

Later on Wednesday, Twitter announced that the hackers targeted Twitter employees to get access to all of Twitter’s internal tools and systems. The Twitter support wrote:

“We detected what we believe to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools. We know they used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf.”

Twitter CEO Jack Dorsey also tweeted about the incident later that day.

Some of the other high-profile names included names of Democratic Party’s Presidential candidate Joe Biden and New York City Mayor Mike Bloomberg. This was reportedly the biggest-ever hack and compromise on Twitter. Speaking to CNBC news, Rachel Tobac, the CEO of cybersecurity firm SocialProof Security, said:

“We are lucky the attackers are going after bitcoin (money motivated) and not motivated by chaos and destruction.”

Former White House chief information officer Teresa Payton has asked Twitter to provide complete details of Wednesday’s incident. As per Payton, there’s also a high chance that personal messages were stolen from the compromised accounts. Speaking to CNBC, Payton noted:

“They’re going to need to apologize to the VIPs and to the individuals who were defrauded and fell for the scam. The next thing they’re going to need to do is to conduct a thorough and transparent investigation, and they’re going to need to share what they can about who the attackers were and how they pulled this off.”

In a series of tweets, the company also assured that they are working to get this through. Besides, Twitter has asked people to reset their passwords.

Share:

Related Articles

Manipulation? Bitcoin Drops $2,000 in 35 Minutes, $132M Longs Liquidated

By December 12th, 2025

Bitcoin suffered a sharp $2,000 decline as US markets opened Friday, triggering $132M in liquidations and renewing concerns about institutional market manipulation.

Crypto Market Rebounds after Fed Cut, Congress Presses SEC on Crypto Access to 401(k)

By December 12th, 2025

The total crypto market cap climbed by $70 billion as Bitcoin held above $92,000, while Congress pushed the SEC to allow crypto in 401(k) plans.

Coinbase Transparency Report 2025: What Rising Data Requests from Regulators Mean for Crypto Users

By December 12th, 2025

Coinbase Transparency Report 2025 reveals a 19% increase in law enforcement data requests. Read on to learn how Coinbase protects your privacy.

Exit mobile version