Twitter Accounts of Top Crypto Firms & Personalities has been hijacked

The Twitter accounts of a major cryptocurrency entities both corporate and non-corporate have been hijacked by some unknown persons.

Attention was first drawn to a tweet by leading cryptocurrency exchange Binance saying it had partnered with CryptoForHealth and are giving back 5000 BTC to the community with a see more link – cryptoforhealth.com.

The hackers apparently also targeted other twitter accounts of crypto firms and individuals such as the CEO of Binance, CZ; the Founder of Tron, Justin Sun; CoinDesk, a leading crypto news portal, Bitfinex, Kucoin, Coinbase, Creator of Litecoin Charlie Lee, Gemini and other cryptocurrency firms and proponents not excluding the official Bitcoin Twitter account.

We have partnered with CryptoForHealth and are giving back 5000 BTC to the community.

See more here : https://t.co/yxSTptGN2I

— Bitcoin (@Bitcoin) July 15, 2020

The hack appears to be a well orchestrated mission to quickly scam people of their money. While the website has been taken down already, the hackers are still on rampage.

The nature of the hack appears to be an exploitation of vulnerability on Twitter considering the ease at which the hackers are spreading from one account to another and using hijacked accounts to retweet their fraudulent posts from other hijacked accounts.

This sentiment is further shared by Mastering Bitcoin Author and a top Crypto Evangelilst Andreas who tweeted:

It seems like some Twitter API posting service has been compromised and being used to send out fake “giveaway” tweets from popular crypto/blockchain accounts. “CryptoForHealth” is a scam.  

No way are all these accounts unprotected by strong passwords and TOTP 2FA

https://twitter.com/aantonop/status/1283488435341328384?s=19

As of press time, the hackers have been able to generate over $10,000 in BTC from unsuspecting victims.

https://www.blockchain.com/btc/address/bc1qxy2kgdygjrsqtzq2n0yrf2493p83kkfjhx0wlh

Image credit: Forbes