Friday, 16 November, 2018

Major European film group hacked to promote Bitcoin scam on Twitter

Media playback is unsupported on your device                  Media caption Who is Elon Musk Media playback is unsupported on your device Media caption Who is Elon Musk
Rhonda Young | 08 November, 2018, 13:41

The scammers compromised these verified accounts and changed the display name to "Elon Musk" in a bid to abuse the trust of other Twitter users. S. lawmaker, a film company and a book publisher were hacked to impersonate Musk and that all these accounts are linking to a well-known crypto scam that promises to send large amounts of Bitcoin to the users if they just send a small amount first.

Cryptocurrency scammers are pretending to be Tesla CEO Elon Musk on Twitter, and some of their tweets are being promoted onto timelines through Twitter's ad service.

In order to add legitimacy to the competition, several other scam accounts often appeared in the replies to the giveaway claiming to have in fact received certain amounts of the digital currency from Musk.

The main reason that people are falling for this scam is due to the fake accounts used to promote it have blue ticks next to their Twitter name, hooking in the gullible. "I left the post of director of Tesla, thank you all for your suppoot!" the tweet reads.

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Clicking on the scams prompts the users to give anywhere from 0.1 to 1 Bitcoin to get 10 Bitcoin in return.

Numerous scam tweets still contained the trademark of classic scams, odd grammatical structures, typos, and a request for money from the users before they can receive money themselves.

After that bitcoin tweet, Musk's account was even temporarily banned as Twitter suspected his handle had been hacked, though it hadn't been. These included verified accounts of blogger Sarah Scoop, Swansea City AFC Ladies and boxer Rayton Okwiri.

The scam tweet has been posted by several verified accounts on Twitter.

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But Congress could not remove him from office without a conviction by a two-thirds majority in the Republican-controlled Senate. President Donald Trump advocated forcefully for a handful of candidates in order to keep the GOP in control of the U.S.

Hackers reportedly compromised several different accounts, including those of film production firm Pathe U.K. and US politician Frank Pallone Jr.

Pathe UK have since issued a statement to confirm that their account was "hacked by an unknown third party". But the scammers have found ways to evade these restrictions, sometimes by using different characters but still maintaining a display name that appears to be "Elon Musk" at first glance - like using special characters that, with Twitter's font, look like a certain letter in the name.

Twitter has come under fire from cryptocurrency commentators once again after the social network began actively promoting an ongoing scam involving a Bitcoin giveaway.

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