Thursday, July 16, 2020

Twitter's Blue Tick Bitcoin Hack Raises Alarms

I searched Facebook posts also when I heard that the Twitter accounts of several blue-ticked celebrities and the rich were hacked.

BBC reported that the Twitter accounts of "Elon Musk, Jeff Bezos and Bill Gates are among many prominent US figures targeted by hackers in an apparent Bitcoin scam". A message was also posted seeking Cryptocurrency donations to these accounts.

In an explainer, The Indian Express reported that "the Bitcoin wallet promoted in the tweets received over $100,000 via at least 300 transactions."

The Hacker News carried a speculation that "that hackers grabbed control of a Twitter employee's administrative access to take over a prominent account and tweet on their behalf".

Jack Dorsey's message about the hacking of verified accounts in Twitter

If this the method used, then it is a very disturbing news. And it also raises questions about at whose all behest can an employee 'take over' another account. Can authorized company personnel do it on the company's behalf or can a state agency make such a request?

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