If you saw Elon Musk, Barack Obama, and more tweet bitcoin scams recently, you saw the result of a social engineering hack targeting verified Twitter accounts primarily. Vice has the full story.
“We used a rep that literally done all the work for us,” one of the sources told Motherboard. The second source added they paid the Twitter insider. Motherboard granted the sources anonymity to speak candidly about a security incident. A Twitter spokesperson told Motherboard that the company is still investigating whether the employee hijacked the accounts themselves or gave hackers access to the tool.
I’m amazed and horrified that the scam worked, collecting over $100,000 worth of bitcoin. Please be more careful, and don’t trust so easily, okay?
Things could’ve been worse though. What if a hack like this was used to spread disinformation, rather than just grab cash from gullible suckers that thinks Elon Musk can magically duplicate bitcoins for free? Come election time, get ready to not trust anything, verified badge or not.