Hackers Hijack Famous Instagram Accounts and Demand Ransom in Bitcoin

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    Hackers seized an access to a Instagram accounts and threaten their owners to delete all the information in just 3 hours unless they get paid a amount of money in Bitcoin

Cover image via U.Today

A new Motherboard report states that hackers would get unauthorized access to a slew of Instagram accounts and threaten their owners to delete all the information in just three hours unless they get paid a specific amount of money in Bitcoin. However, paying a ransom in cryptocurrency isn’t a surefire way to get your account back. According to Kevin Kreider, a fitness model from Los Angeles, his account with more than 100,000 followers was effectively deleted by hackers. Eventually, he managed to restore access to this account, but such attacks have already hit the mainstream, which means it’s not a stand-alone case.

Meanwhile, Instagram’s response to this issue remains lukewarm. Most of the time, they only provide what seems like automated answers while some victims still fail to regain control over their accounts.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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