Scammers Steal £137,000 in Crypto Hacking, Posed As Verified Twitter Accounts

Scammers Steal £137,000 in Crypto Hacking, Posed As Verified Twitter Accounts

Scammers in the UK were able to make off with £120,000 in Bitcoin after posing as the verified Twitter accounts of two well-known British companies, according to a report by the Telegraph on Monday. Attack of the Fake Elon The hackers pirated the verified accounts of clothing store Matalan and film company Pathé UK, then claimed to be Elon Musk and promoted a phony giveaway via the social media accounts. The two accounts had a total combined following of around 100,000. Most were able to spot it as a scam, but enough people were duped for the hackers to get away with a sizable amount of money via requests for BTC to “verify their address.” Users were encouraged to donate more BTC with the promise that they’d get much more back than they put in, “+200% back!” according to the scam page. It's not the real @elonmusk account, it's a fake, but it got twitter's verified symbol, and was promoted in twitter to appear in my timeline. Careful when paying with bitcoins, because they are untraceable, great for scams pic.twitter.com/WS283DKMmQ — Diego Bez. Apologies for the brief interlude. You know you’re important when someone takes the time to hack your account!” The tweet has since been taken down. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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Scammers Steal £137,000 in Crypto Hacking, Posed As Verified Twitter Accounts

Scammers in the UK were able to make off with £120,000 in Bitcoin after posing as the verified Twitter accounts of two well-known British companies, according to a report by the Telegraph on Monday.

Attack of the Fake Elon

The hackers pirated the verified accounts of clothing store Matalan and film company Pathé UK, then claimed to be Elon Musk and promoted a phony giveaway via the social media accounts. The two accounts had a total combined following of around 100,000. By Monday night, the fraudsters managed to steal £137,000 from nearly 400 people donating to the fake contest as of Tuesday.

Once hacked, the accounts’ photos and names were changed to match Elon Musk’s official verified account, and the deception was aided by the fact that the accounts kept their blue verification check mark.

The fake Elon account claimed Musk was stepping down from Tesla and giving away 10,000 BTC to commemorate it. Most were able to spot it as a scam, but enough people were duped for the hackers to get away with a sizable amount of money via requests for BTC to “verify their address.” Users were encouraged to donate more BTC with the promise that they’d get much more back than they put in, “+200% back!” according to the scam page.

Wow… that scam tweet on my feed… quite sofisticated. It’s not the real @elonmusk account, it’s a fake, but it got twitter’s verified symbol, and was promoted in twitter to appear in my timeline.
Careful when paying with bitcoins, because they are untraceable, great for scams pic.twitter.com/WS283DKMmQ

— Diego Bez. (@Diegobez) November 5, 2018

The first account hacked was Pathé UK, which was restored by…

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