High profile Twitter accounts were hacked in an apparent Bitcoin scam

The accounts hacked included those belonging to Barack Obama, Joe Biden, Jeff Bezos...

..., Waren Buffet, Bill Gates, Mike Bloomberg, Elon Musk, Kanye West, and others.

Image Source: The Verge

The corporate accounts for Uber and Apple were also affected during the major breach

Image Source: Youtube/Apple

What was the Twitter hack all about?

Image Source: via scitechdaily

Around 4 pm on 15th July (in the US), many high-profile accounts started tweeting a message saying any bitcoin sent to a link in the tweet will be sent back doubled

Apple and Uber handles were among the first to be impacted, followed by those of Musk and Gates

Image Source: INGA KJER/GETTY IMAGES

In a couple of hours, it had taken over the handles of Obama, Biden, Mike Bloomberg and Amazon founder Jeff Bezos

Image Source: AFP/GETTY IMAGES

The scam posted tweets on behalf of Gates and Musk stated a Bitcoin wallet address along with the promise of sending back double the amount of BTC...

Image Source: via coindesk

...if a user sends a certain amount to the designated wallet first.

Twitter has taken cognisance of the matter, and stated that it is investigating the incident

In a series of tweets, @TwitterSupport acknowledged the “security incident” and informed users that they maybe be unable to tweet or reset passwords till the micro-blogging platform reviewed the incident

How did the hack happen?

According to Twitter Support, the “coordinated social engineering attack” was executed by people who “successfully targeted some of our employees with access to internal systems and tools”.

"This appears to be the worst hack of a major social media platform yet," said Dmitri Alperovitch, who co-founded cybersecurity company CrowdStrike

Image Source: Fortune

Twitter CEO Jack Dorsey also responded to the attack, saying it was a "tough day for us at Twitter".