Saturday, 17 November, 2018

Elon Musk's Twitter Account Targeted By Crypto Hackers

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
Ginger Lawrence | 08 November, 2018, 13:40

"Verified entities don't need any extra requirements to change basic profile details such as name or avatar, and once the account is compromised you can then start pushing rogue ads under the guise of Elon".

The UK film studio Pathe UK's Twitter account was also hacked on Monday and was used for fake Elon Musk cryptocurrency offers. However, the remaining handle would indicate that it was not Elon Musk.

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.

At the Black Hat cybersecurity conference this August, computer researchers at Duo Security said an analysis of 88 million Twitter accounts between May and July 2018 revealed a huge bot-net that was actively promoting cryptocurrency scams.

This is far from the first time something like this has happened and Twitter continues to receive flak for their failure at preventing these types scams. And, just a few weeks ago, he found himself temporarily silenced on the platform for tweeting, "Wanna buy some bitcoin?", with Twitter believing his account to have been hacked.

But they didn't stop there - then (using a stolen credit card we can safely assume) they purchased advertising from Twitter and gave the post some extra promotion - causing tens of thousands of extra people to see it.

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Mike Gamble, lead producer at BioWare , revealed this news and also explained the significance of the series in the video. The game maintains a score of 71 on Metacritic with "generally unfavorable" user reviews.

One of the scam tweets. These fakes of the past, however, only used Musk's name and likeness.

Note that this is not the first case of hacking confirmed Twitter accounts. They are all verified, where a small blue tick next to their name means they are an official page.

What is Twitter doing about it?

And these bots are learning from past mistakes. They sent out a tweet apologizing to their followers for the confusion and have managed to delete the false Elon Musk tweets.

Now the scam has become more nuanced as it uses Twitter's own verification to make it more convincing.

Elon Musk, we should note, had nothing to do with any of this, nor is he stepping down from Tesla.

In January, Twitter saw an influx of Litecoin (LTC) founder "Charlie Lee" impersonators, with multiple imposters posing as the LTC creator and promoting a fake LTC giveaway. He says twitter needs an algorithm that can quickly identify and remove crypto-scams in the future.