Yesterday Wednesday evening went very badly on Twitter and Twitter management.

Some hackers were able to access the company’s internal tools and exploit a number of prominent accounts followed by millions of users by publishing a tweet urging the possibility of doubling Bitcoin by sending the amount of Bitcoin to a specific address to be returned in doubling.

But as you know, no quick profit is so simple and the whole process is just a scam.

Jack Dorsey, founder and CEO of Twitter, reacted to the chaos on Twitter, apologized and promised to provide any details as they emerged:

A tough day for us on Twitter. We all feel the dread that happened.

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We diagnose everything and will share it when we have a more complete understanding of exactly what happened.

💙 Our teammates are working hard to get this right.

– Jack (@jack) July 16, 2020

For your information, a number of prominent personalities and some accounts of large companies were targeted in the hacking process and the posting of the fraud tweet.

Among the accounts that have been hacked are presidential candidate Joe Biden, former President Barack Obama, Bill Gates, Elon Musk, Kanye West and New York City Mayor Mike Bloomberg. Apple and Uber, as well as the Twitter accounts of trading platforms such as Binance KuCoin and Gemini.

Was Twitter hacked by one of its employees?

A Twitter employee has been accused of complicity in the recent bitcoin hack where, according to a report from Motherboard, which cited sources allegedly involved in the attack, an internal Twitter worker was pushed to breach the social platform.

and carry a report Motherboard A statement from those involved stating the following:

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We used a representative who did literally all the work required for us.

Motherboard has shown some screenshots of the hacker-accessible dashboard shown in the following images:

Twitter’s response:

Twitter responded in a statement as follows:

We discovered what we believe to be a coordinated social engineering attack by people who have successfully targeted some of our employees by gaining access to internal systems and tools.

We know that they used this access to gain control of several accounts including those that were verified and tweeted on their behalf.

We are looking at other harmful activities they may have conducted or information they may have accessed and we will share more here as we did before.

It told Twitter that it first learned of the incident in the late afternoon Pacific Time.

Get started quickly on removing tweets and deactivating affected accounts.

Likewise, as a precaution, verified account holders have been temporarily disabled from tweeting.

She told Twitter in this regard:

This was devastating, we took an important step to reduce the risk.

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Most functionality has been restored but we may take other actions and will let you know if we do.

The company said it is now looking into any other malicious activity that the attackers may have carried out.

Some security experts said that if attackers were able to hack accounts in such a form, they might be able to gain access to direct messages that those accounts received.

What is social engineering?

In the context of cybersecurity, social engineering is one of the methods many hackers resort to. Instead of software hacking, they work to deceive employees and focus on human weaknesses. Instead of hacking, to gain access to buildings, systems, or data, it often involves impersonating a person. Another, or high-ranking individual in a company.

In the crypto space, a common social engineering attack is SIM swapping.

In this case, the attacker impersonates the target and asks a carrier customer service representative for a new SIM, which allows the attacker to receive second authentication texts sent to the target’s phone number.

Hours after news of the attack spread on Twitter, Republican Senator Josh Hawley wrote to Twitter and Dorsey asking them to cooperate with federal officials in investigating the attack.

Hawley wrote:

I’m concerned that this event may not just represent a coordinated set of separate hacking incidents, but rather a successful attack on Twitter’s security itself.

Millions of users depend on your service not only to tweet publicly but also to communicate privately through the direct messaging service.

A successful attack on your system’s servers poses a threat to all users’ privacy and data security.

Twitter said that all verified accounts were able to resume tweeting, but the password reset functions were closed until further notice.

As for what the hackers achieved from this fraud, it was estimated at about 12.8 Bitcoin, which is equivalent to $118,560, in just a few hours.

Read also:

A number of official Twitter accounts were hacked to promote a fake offer of 5,000 Bitcoin

Cryptocurrency exchange Cashaa hacked and 336 Bitcoin stolen