August 11, 2020

BlogCoinz

Cryptocurrency and Technology

Twitter HACKED!

The accounts of Bill Gates, Elon Musk, Joe Biden, and several other high profile people where the subject of a hack yesterday that was brought on by one of Twitter’s own ex-employees who used an exploit to get into the accounts and run a Bitcoin scam.

The scam promised to double the amount of bitcoin sent to a wallet address which of course was bull shit. After some digging, it was found that that a twitter employee helped hackers take over the accounts for a quick buck. SHADY!

For most of the day, Twitter blocked the ability to post from verified accounts leaving everyone with a blue checkmark silent on the platform for several hours.

This is a stark reminder to never send Bitcoin, Moneygram, PayPal, Venmo ECT to people you do not know. Some critics have called out Bitcoin as being the problem but Bitcoin is traceable and easy to figure out who has the funds if they don’t wash them correctly, just like most online payment systems. So don’t blame Bitcoin but rather the hackers and the stupidity of people desperate enough to send money to a scammer. It happens!

Well! Finally some interesting Bitcoin News! More later!