Unprecedented Twitter Hack Compromises High-Profile Accounts in Bitcoin Scam
The Attack: How It Unfolded
On July 15, 2020, Twitter experienced one of its most significant security breaches when attackers compromised dozens of high-profile accounts to promote a cryptocurrency scam. The coordinated attack affected:
- Tech leaders (Elon Musk, Apple, Bill Gates)
- Political figures (Joe Biden, Barack Obama, Mike Bloomberg)
- Celebrities (Kim Kardashian West, Wiz Khalifa)
- Major corporations (Uber, CashApp, Wendy’s)
The Scam Mechanics
The hacked accounts posted identical messages directing followers to send Bitcoin to a specific wallet address with the promise of doubled returns - a classic crypto scam tactic. Key details:
✔ Over 12.5 BTC ($116,000) collected within hours ✔ Scammers used Twitter’s internal admin tools via social engineering ✔ Associated domains were quickly taken offline
Twitter’s Response
Twitter’s official statements revealed:
“We detected what we believe to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools.”
Key timeline:
- 2:45 PM PT: First acknowledgment of “security incident”
- Evening: Most account functionality restored
Notable Victims and Impacts
Tech and Business Leaders
- Elon Musk’s account remained compromised longest
- Apple’s Twitter account posted its first-ever tweet during the hack
- Warren Buffett, a known crypto skeptic, ironically promoted Bitcoin
Political Accounts
- Only Democratic figures targeted (Biden, Obama, Bloomberg)
- Biden campaign worked closely with Twitter to secure account
Security Implications
This breach stood out because:
- Attackers gained access to Twitter’s internal systems
- Email addresses were changed on compromised accounts
- The scale was unprecedented for the platform
Ongoing Investigation
At the time of reporting:
- Twitter was still working to fully restore functionality
- Binance and other crypto platforms were investigating
- The hacker’s identity remained unknown
Protecting Against Similar Scams
While Twitter worked to resolve this incident, users were reminded:
⚠️ Never send cryptocurrency based on social media promises ⚠️ Enable two-factor authentication ⚠️ Be skeptical of “too good to be true” offers
This developing story represented one of the most brazen social media security breaches in history, highlighting vulnerabilities in even the most secure platforms.
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