Bitcoin Cash Pump

Crypto scammers took over the Twitter accounts of Binance, Coinbase, Apple, Elon Musk and Bill Gates

A massive attack on Twitter accounts of popular cryptocurrency exchanges and their representatives took place this evening.

Binance CEO Changpeng Zhao urged users not to follow the link on the exchange’s Twitter account in his account. Soon a fraudulent message was posted from his own account..

The message says that the exchange has entered into cooperation with the CryptoForHealth project and will distribute 5,000 bitcoins to the community..

“The existing financial system has done serious damage to the traditional economy,” says the fraudulent website. “To support this challenging time, Huobi, KuCoin, Kraken, Gemini, Binance, Coinbase and Trezor have partnered to give away 5,000 BTC.”.

To participate, users are invited to send an amount from 0.1 BTC to 20 BTC to the specified address, and “we will instantly send you back from 0.2 BTC to 40 BTC”. This is a classic example of a cryptocurrency scam that has been known to the community for at least a few years. Users should neither follow the links provided, much less send cryptocurrency to the specified addresses.

The accounts of Coinbase, Gemini, KuCoin, Gate.io, Bitfinex, OKEx, CoinDesk portal, the creator of Litecoin Charlie Lee, the Tron Foundation and its CEO Justin Sun were also hacked. At least some of them are known to use multi-factor authentication.

Not long before the mass publication, fraudulent activity was noticed in the account of the famous trader AngeloBTC. He allegedly opens a paid group in Telegram, where he will post signals from “whales”, but the price of information is 0.1 BTC. To gain access, users were asked to contact him through private messages. This post has been deleted by the time of publication..

Gate.io later announced that it “is not partnering with CryptoForHealth and donating 5,000 BTC to the community.” Gemini co-founder Tyler Winklevoss also wrote that the message sent on behalf of his company is fraudulent..

Bitcoin enthusiast Andreas Antonopoulos suggests an API service for posting messages on Twitter has been hacked. “The situation when all these accounts would not be protected by strong passwords and two-factor authentication is out of the question. I don’t think Twitter was hacked. This is probably another social media posting intermediary service used by many companies. They usually have lower security and limited options for two-factor authentication, but full access to the Twitter API that the user provides. Nobody is protected from hacking. I hope this fate will not befall me, but for now I will disable access through the API, – he writes. – And more: Fuck “CryptoForHealth””.

Later, the accounts of Elon Musk, Bill Gates and Ripple joined the fraudulent distribution. In the latter case, the proposal turned out to be different and controversial: “We are distributing 2,000 Ripples to random addresses that will send 1,000 Ripples to our COVID-19 fund. Each donor will receive 1,000 XRP! ”

After 11:00 p.m. Moscow time, CDN provider Cloudflare flagged CryptoForHealth as a phishing site and began blocking access to it. At the same time, scammers began to post the address for deposits directly on Twitter, as in the case of Musk and Gates..

A Binance spokesman said, “The security team is actively investigating this coordinated attack on the crypto industry.” Twitter itself also reported that they are investigating what happened, but did not go into details..

The Block analyst Larry Cermak and Bitfinex CTO Paolo Ardoino expressed confidence that the vulnerability is in Twitter itself, so no one is protected by it. Also, fraudulent messages began to be posted from little-known accounts. Ardoino noted that he is probably not popular enough, because scammers do not write from his account.

“This attack is massive and will have an impact on Twitter for years to come. Something should be done immediately, before the heads of state begin to post anything. It is very dangerous “, – wrote Chermak.

Before midnight Moscow time, Apple and Uber accounts were connected to the fraud. Cermak suggests Twitter to completely shut down its platform.

Jeff Bezos, the founder of Amazon and the richest man in the world according to Forbes, also suffered. In his case, the scammers offered $ 50 million. Similar messages were published from the accounts of Kanye West, Michael Bloomberg and Bitcoin.

Twitter shares fell more than 3% during the post-trading session.

After 00:20 Moscow time, the account of US presidential candidate Joe Biden joined, commentators note. The message was quickly deleted. Warren Buffett’s account was posted and deleted in the same way..

Also, observers managed to fix a fraudulent message in the account of former US President Barack Obama.

There were calls to solve the problem by banning Bitcoin. “You know, we wouldn’t have to worry about such things if cryptocurrencies were illegal. I am not kidding. Cryptocurrencies have no useful uses for society, but there are harmful ones. Why are they allowed? “- wrote the famous American journalist Josh Barro. He also does not understand why the Twitter platform is still not disabled..

Justin Sun said he would pay $ 1 million to help find the attackers. Meanwhile, YouTube blogger MrBeast and boxer Floyd Mayweather Jr were hacked..

A few hours after the first fraudulent messages appeared, Twitter support responded to the problem: “We are aware of a security incident affecting Twitter accounts. We are investigating and taking steps to correct it. We will publicly disclose updated information soon. ”An hour earlier, Twitter support published a message with information about new platform features.

Cardano founder Charles Hoskinson offered to look at the problem from a different angle: “If the hack came from inside Twitter itself, every private message on the platform could be downloaded and uploaded to the dark web.”.

Massive messages from high profile accounts have led to Bitcoin currently being at the top of the list of most discussed topics on Twitter across a number of regions..

Kim Kardashian added to the list of hacked accounts.

According to user observations, the platform has banned tweets from verified accounts. The flow of fraudulent messages really stopped at the same time. The support team wrote: “You may not be able to send messages or reset your password while we are considering and solving this problem.”.

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