The Bitcoin Twitter scam which managed to compromise several major companies and verified accounts apparently came from a third-party app, according to a new report by the tech outlet The Next Web (TNW). The report is everywhere in the global crypto news in which a Twitter spokesperson has confirmed that the attack came from an outside software provider and not from Twitter’s own system (as it was previously claimed).
The spokesperson also explained that the attackers exploited a third-party marketing solution in order to launch a Bitcoin (BTC) gateway from several verified accounts, such as Google’s G Suite and major US department store retailer Target.
Moreover, the information was implicitly confirmed by Target and the representatives told TNW that the hackers used a third-party marketing app which was authorized to post content on Target’s behalf.
As reported previously in an official crypto press release, the hackers took over G Suite and Target accounts (800,000 and 1.92 million followers on Twitter) and posted malicious gateway links. The messages published by G Suite account users falsely claimed that users could make payments in G Suite using cryptocurrencies.
This is not the first time Bitcoin scammers are taking a hold of famous accounts and doing malicious activities. Previously, they posed as Elon Musk for several times and many other similar scenarios as seen in our Bitcoin Scams section.
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Binance Bitcoin Scam: Hackers Steal 7,000 BTC In Security Breach
“Please also understand that the hackers may still control certain user accounts and may use those to influence prices in the meantime. We will monitor the situation closely. But we believe with withdrawals disabled, there isn’t much incentive for hackers to influence markets.”Right now, Zhao believes that the Bitcoin scam won't have a big incentive to influence markets. As he added, he is working on conducting a Twitter AMA to field questions from the community. The Binance Bitcoin scam has triggered the exchange to use a Secure Asset Fund for Users (SAFU) which will help and cover the incident. The altcoin news show that there is no risk for other altcoins to be stolen. As a reminder, Binance created the fund in July 2018 as a type of emergency insurance for cases like these.
ISIS Used Bitcoin To Fund Horrific Sri Lanka Easter Bombings: Research
“CoinPayments admits that their wallet was involved but denied that it is connected to ISIS,” the blockchain intelligence firm told Globes. “It’s possible that the company is not aware of the usage of their wallets, perhaps because ISIS uses straw companies [to] transfer the money.”For all of you wondering why ISIS used Bitcoin and not any altcoin (which would been featured in our coming altcoin news), the truth is that ISIS-linked Bitcoin wallets exist and WhiteStream has been following them for the past two years. In fact, the company maximized its focus on one specific Bitcoin wallet which was receiving donations actively over different periods. In that manner, WhiteStream found that ISIS used Bitcoin from a wallet address listed on the ISIS fundraising website. According to Levy, the transactions were passively traced back to CoinPayments while the company did not know that they were actually facilitating the ISIS Bitcoin funding campaign. As Levy said:
“Our assumption is that the terrorist organization probably possesses many bitcoin addresses through CoinPayments, with every donation sent to a different address,” Levy told Globes. “On the day before the Sri Lanka terror attacks, we identified two relatively big transactions at this address with bitcoins worth about $9,800.”In February, Whitestream had named CoinPayments for facilitating Bitcoin-enabled donation campaigns for Hamas which is a Palestine-based Sunni-Islamist fundamentalist group.
Microsoft Outlook Emails Hacked, Thousands Of Bitcoin Stolen
“The hackers also had access to my inbox, allowing them to password-reset my Kraken account and withdrawal [sic] my bitcoin.’’The Dutch engineer explained that the hackers followed a forwarding protocol so each time one of his emails had the word ‘’Kraken’’ in it, the Microsoft Outlook would automatically forward that particular email to a secretive Gmail account which belonged to the hackers. He also made clear that he will not be able to recover his stolen bitcoin ever. Other victims of the Microsoft Outlook scandal shared similar experiences. For example, Shinratechlabs, a Reddit user, pointed out that he lost about ‘’25,000 in crypto as a result of the data breach but didn’t explain further. He also says that he is angry about how easy it was for the hackers to gain control over the Microsoft accounts. He wrote:
“Lost 25,000 in crypto. Hackers didn’t have my credentials. They just had access to the content of my emails. Didn’t need passwords. Just put in password change requests. Verified the email confirmation links. Any confirmation they needed they had access to.”As the latest cryptocurrency news writes, the victims are outraged of getting their crypto stolen and are even madder of how Microsoft managed the entire scandal. During the Microsoft Outlook emails breach, the company made clear that only the metadata and customer information was affected and nothing more. Jevon Ritmeester says he will file a police report and will hold Microsoft accountable.
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