A number of high-profile twitter accounts hacked at the same time on Wednesday. The hack appears to be part of a cryptocurrency scam and all the accounts hacked have huge following.
Twitter’s official support account confirmed the news.
We are aware of a security incident impacting accounts on Twitter. We are investigating and taking steps to fix it. We will update everyone shortly.— Twitter Support (@TwitterSupport) July 15, 2020
The hacked accounts posted a message mentioning the address of a bitcoin wallet with the claim that the amount of any payments made to the address would be doubled and sent back.
Whose accounts got hacked?
Initially, the hack targeted the cryptocurrency accounts @bitcoin, @ripple etc. Later, the hackers have targeted most of the high profile accounts including official account of @Apple, SpaceX and Tesla founder @ElonMusk, Amazon founder @JeffBezos, Microsoft founder @BillGates, Barrack Obama, Uber and 2020 Candidate for President of the US Joe Biden.
All these hacked high profile accounts combined have more than 300 million followers and some of those followers seemed to have got tricked by the hack.
According to various reports, the main blockchain address used for the hack has already collected more than 100k USD and is still growing.
While Twitter has confirmed the hack and limited the ability of various verified accounts to tweet, it is still investigating the root cause. Twitter believes the hack is a highly coordinated social engineering attack by people who successfully targeted some of the employees with access to internal systems and tools.
On the other hand, Twitter has removed the tweets posted by the attackers and locked the accounts that were compromised and said it will restore access to the original account owner only when they are certain about all the activity that has taken place with hacked accounts.