Crypto hackers use Elon Musk's name to fleece Twitter users

08 November, 2018, 13:40 | Author: Regina Silva
  • Media playback is unsupported on your device                  Media caption Who is Elon Musk

This very popular scam is unfortunately happening once more.

Twitter has attempted to combat these scams by blocking accounts without mobile verification from adding "Elon Musk" into their display name. This time, it is not his Twitter account that was compromised, but instead, hackers used verified accounts of other leading companies like UK fashion retailer Matalan, the U.S. book publisher Pantheon Books, and a filmmaking studio Pathe UK. The more you give, the more you will allegedly earn.

Also, in September, Musk asked the creator of Dogecoin (DOGE), Jackson Palmer to help him get rid of annoying crypto scammers on Twitter.

Elon Musk's fake account promises to distribute 10,000 BTC (64.1 million USD) for the users but they have to deposit the money first to "prove that they are serious".

One of the most prominent victims was perhaps the Democratic state representative for New Jersey's sixth district, Frank Pallone Jr.

Daily Beast reporter Lachlan Markey received confirmation from the politician's campaign that the account had been hacked.

While the scammers first promoted their tweets, the promoted tweets were erased, but some of the accounts remain active.

Shalala, Mucarsel-Powell flip Miami-Dade House seats to Democrats
More women than ever were running, along with military veterans and minorities, many of them motivated by Trump's rise. The Democratic gains were fueled by women, young and Hispanic voters, a Reuters/Ipsos Election Day poll found.


Republicans Win Enough Red States To Expand Senate Control
Democrats could derail Trump's legislative agenda for the next two years should they win control of the House or the Senate. The septuagenarian also would exert influence over writing laws on guns, immigration policy and voting rights.


Viktoria Plzen vs. Real Madrid - Football Match Report
The loser in this decision is Keylor Navas , who was Real Madrid's number 1 in the Champions League up to now. Barely a day after Real's humiliating 5-1 defeat, Lopetegui was sacked .


"As I'm sure you can probably guess, anyone who pays up never sees their money again and at the time of writing, the wallet involved in at least one of these operations holds around £125,000 worth of Bitcoin".

Musk's regular twitter use has also met its fair share of criticism, following incidents such as the Tesla founder accusing someone of being a pedophile and also commenting that a funding deal to take Tesla private had been made when the deal had not yet been finalized. The analysis finds that a network of 15,000 accounts stole legitimate accounts, shared fake links, and linked those through other automated accounts to make them seem credible.

The Next Web's Hard Fork has also found another scam basically at the same time.

"There's no easy way to force verified users to keep security settings such as two factor enabled, and all it takes is one successful phish to set a scam in motion", he said.

According to Business Insider, while Twitter has previously attempted to stop impersonation scams, the hackers have managed to promote their tweets and capitalize on the cryptocurrency frenzy.

Similarly, the official account of English discount clothing and homeware chain Matalan was hacked to display the same fraudulent message, attracting over 700 retweets and over 3,000 likes.

Recommended:



Popular

President Trump Speaks On Election Results
The GOP's successes were fuelled by a coalition that's decidedly older, whiter, more male and less likely to have college degrees. Trump sought to take credit for retaining the GOP's Senate majority, even as the party's foothold in the House was slipping.

Prince Charles, his wife, Camilla, meet Buhari
Prince, Son and Heir: Charles at 70 will be shown in the United Kingdom on BBC One on Thursday, November 8th 2018 at 9 pm. Prince Charles also has a few added concerns of his own.

Native American Women Score Major First
With no challenger on Election Day, Pressley made it official that she'll be the first black person representing MA in the House. As of early Wednesday morning, voters were on track to send at least 99 women to the House, surpassing the previous record of 84.

Sheikh's delight over Melbourne Cup win
It's the first time an England-trained horse has won the Cup, with Charlie Appleby winning after several attempts. English trainer Charlie Appleby was full of praise for McEvoy's ride. "I promised (my four kids) a swimming pool".

Supreme Court rejects net neutrality appeal
It actually petitioned the Supreme Court to erase history and wipe out an earlier court decision upholding open internet policies. This morning the Supreme Court issued orders from the justices' private conference on Friday.

NHL Players Caught Ripping Own Team and Coach in Uber Dashcam Video
It wasn't clear if Wideman was talking about the Golden Knights or the Coyotes, who both topped Ottawa during its West Coast trip. The Senators organization responding Monday night to what it calls "privacy breach against its players and coaches".

Driver charged with killing two children and unborn baby 'kills herself'
The killer also told cops afterwards that she had been suffering from the effects of multiple sclerosis. Blumemstein, who is a Broadway actress, survived but her unborn baby died as a result of her injuries.

Two Tonnes Of Smelly Durian Fruit Temporarily Grounds Flight After Passenger Complaints
The flight, which was scheduled to take off at 10.40am was subsequently delayed by an hour while the fruit was removed. The problem is, videos circulating where a passenger taking the video accused carrying durian as a safety hazard.

Jeff Sessions Is Out - Slog
The president said Sessions' chief of staff, Matt Whitaker , would replace him for now, with a permanent replacement coming later. He took credit for reversing a recent rise in violent crime and for taking a hardline stance on illegal immigration and gangs.

PUBG PS4 RELEASE DATE: Battlegrounds gets December launch on PlayStation 4
PUBG was at the top of the gaming food chain when it released the early access of the game on Xbox One a year ago in December. But now that the game is now officially out on Xbox One it can now be launched on other console platforms, meaning PS4.