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An Analysis Of The Twitter Bitcoin Scam, And How It Took Place

It's been one week since the Twitter accounts of high-profile personalities like Joe Biden, Elon Musk, Jeff Bezos and Bill Gates among others were hijacked on July 15, 2020. These accounts were used to spread a bitcoin scam and fool people into sending money through a link.

Within minutes of the initial tweets, more than 320 transactions had already taken place on one of the wallet addresses, and more than USD 110,000 of equivalent bitcoin had been deposited in one account before the scam messages were removed by Twitter.

We now deeply analyze more about the incident, how it happened, the suspected hackers and the investigation.



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