On Wednesday, July 15, a hacking operation occurred, during which hackers managed to obtain several accounts related to prominent personalities on Twitter, including the account of “Elon Musk,” “Barack Obama,” “Bill Gates” and “Jeff Bezos” and a number of industry executives. crypto.

The hackers gained access to advanced account moderation tools and control the content of the controlled accounts.

The aim of the operation was to obtain bitcoins from users by defrauding them and promising them to double the amount of bitcoin sent.

The operation received global media momentum and Bitcoin is attacked and criticized, although the process as a whole Bitcoin is innocent of it and that the problem is related to Twitter, not Bitcoin.

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How Twitter was hacked:

Twitter managed publish Details about what actually happened in her blog post, in which she noted that attackers targeted certain employees through a “social engineering” mechanism, exploiting employees’ credentials to gain access to Twitter’s internal systems, including bypassing two-factor authentication.

The Twitter post added that a total of 130 accounts were hacked, allowing the attackers to access personal information, including email addresses and phone numbers.

Almost a third of these accounts had their private messages hacked, according to the company’s blog, which stated:

We believe 36 of the 130 accounts were fully accessed, with the attackers gaining access to your inbox.

Twitter scam only took 13 bitcoins:

The crypto company “Chainalysis” conducted its own investigation and digitally penetrated the scam and tracked the direction of the bitcoin that the hacker managed to achieve.

Chainalysis found that the scam received only 13.14 bitcoins worth about $120,000 over the course of an afternoon US time.

Chainalysis also revealed that the hack began with the takeover of the account of the well-known crypto influencer AngeloBTC who has 152 thousand followers on the platform.

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The perpetrators began requesting bitcoin payments via Twitter direct messages.

More fraudulent tweets were posted over the next few hours, and bitcoin started rolling to three bitcoin addresses to which victims were asked to send money.

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Most of the funds were then sent to one withdrawal address that has been active since May 3, 2020.

Some exchanges acted cleverly and quickly by blacklisting the address of the hackers so that users of the exchange could not send their bitcoins directly to that address.

According to Forbes, the action by Coinbase prevented more than 1,100 users from sending a total of 30.4 bitcoins worth about $280,000 to fraudulent addresses.

The Chainalysis research added that as of July 22, approximately 9 bitcoins were held in 23 wallets, with 8 bitcoins sent to mixing services like Wasabi and 4 bitcoins sent to other entities.

There were three people involved in the hacking, according to the New York Times, who met on Discord.

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