Main navigation

Ripple CTO Suggests How Hackers May Have Taken Control of Top Twitter Accounts Without Bribing Twitter Dev

News
Thu, 07/16/2020 - 08:48
article image
Yuri Molchan
Ripple CTO has suggested how hackers were able to gain control of a bunch of VIP Twitter accounts
Ripple CTO Suggests How Hackers May Have Taken Control of Top Twitter Accounts Without Bribing Twitter Dev
Cover image via ripple.com
Read U.TODAY on
Google News
Contents

David Schwartz, chief technical officer at Ripple, has taken to Twitter (which received a major blow from hackers on Wednesday) to share another possible way the culprits managed accomplish their attack.

Massive BTC Twitter scam

On Wednesday, it was reported that hackers managed to gain control of several major Twitter accounts. These included such business and political leaders as Elon Musk, Bill Gates and Barack Obama, crypto exchanges like Binance and Coinbase, and some crypto influencers.

Messages on the hacked Twitter accounts stated that the accounts had partnered with "CryptoForHealth" and were giving away 5,000 BTC to the community.

This is a typical cryptocurrency sham; scammers encourage users to send them some crypto, promising to send back double the amount or more.

David Schwartz of Ripple commented on that scheme on Wednesday, urging the community not to fall for this trick.

Ripple CTO
Image via Twitter

A tool the hackers may have used to compromise the accounts

The Ripple CTO suggested that one of the methods the hackers may have used to gain control of the verified accounts on Twitter was third-party apps for scheduling/monitoring future Twitter posts prepared for publishing.

Schwartz asked his followers to provide him with data on the compromised accounts, whose real owners did not use any of the aforementioned apps.

Ripple CTO
Image via Twitter

Earlier, the Twitter team commented that the culprits had managed to bribe one of their team members.

Related
Breaking: Twitter Accounts of Binance, Binance CEO, Coinbase, and Top BitMEX Trader Get Hacked by Scammers

Whale Alert detects BTC going to scammers

The largest Twitter bot for tracking large crypto payments, Whale Alert, has concluded that so far the scammers have managed to steal $58,000 in BTC.

However, recent data states that this amount has more than doubled.

BTC scam
Image via scam-alert.io

Further, another payment to the scammers' BTC address has been detected, bearing 4.56 BTC.

BTC
Image via Twitter
article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.