Billionaires Elon Musk, Jeff Bezos and Bill Gates are among several high-profile individuals targeted by hackers on Twitter in an apparent Bitcoin scam.

The official accounts of Barack Obama, Joe Biden and Kanye West also requested donations in the cryptocurrency.

"Everyone is asking me to give back, and now is the time," a tweet from Mr Gates's account said. "You send $1,000, I send you back $2,000."
The tweets were deleted just minutes after they first were posted.
On the official account of Mr Musk, the Tesla and SpaceX chief appeared to offer to double any Bitcoin payment sent to the address of his digital wallet "for the next hour".
"I'm feeling generous because of Covid-19," the tweet added, along with a Bitcoin link address. As well as rapper Kanye West, former US President Barack Obama and Democratic presidential candidate Joe Biden, major companies Uber and the Apple Corporation were targeted. The fact that so many different users have been compromised at the same time implies that this is a problem with Twitter's platform itself.

Early suggestions are that someone has managed to get hold of some sort of administration privileges and bypassed the passwords of pretty much any account they want.

With so much power at their fingertips the attackers could have done a lot more damage with more sophisticated tweets that could have harmed an individual or organisation's reputation.

But the motive seems to be clear - make as much money as quickly as they can. The hackers would have known that the tweets wouldn't stay up for long so this was the equivalent of a "smash and grab" operation.

There are conflicting accounts of how much money the hackers have made and even when a figure is settled upon, it's important to remember that cyber criminals are known to add their own funds into their Bitcoin wallets to make the scam seem more legitimate.
Either way, it's going to be very hard to catch the criminals by following the money and law enforcement, as well as many angry users, will have some strong questions for Twitter about how this could have happened.

In the short time it was online, the address displayed in the tweets received hundreds of contributions totalling more than $100,000 (£80,000).
The Twitter accounts targeted all have millions of followers.

remsonik:
This is unbelievable, cybersecurity needs to stand firm and work more