A fake Elon Musk account promoting bitcoin scam was promoted on Twitter

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

The hijacking scammers had been very smart in putting up the name and profile picture of Elon Musk as well as acquiring a "verified" blue tick. 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 United States book publisher Pantheon Books, and a filmmaking studio Pathe UK.

Tesla and SpaceX CEO Elon Musk is one of the most influential entrepreneurs in the world with a net worth of $22.3 billion as of 2018.

After that bitcoin tweet, Musk's account was even temporarily banned as Twitter suspected his handle had been hacked, though it hadn't been.

To add to the intensity of the scam, other verified accounts, including the likes of blogger Sarah Scoop and boxer Rayton Okwiri, that had been compromised were used to comment on those scam tweets, writing that they had indeed received bitcoin from Elon Musk. When asked for comment on the issue, Twitter told the BBC that it "doesn't comment on individual accounts for privacy and security reasons".

In addition to this, another tweet was posted which stated that Elon Musk is no more associated with the company and to mark the occasion he has planned a cryptocurrency giveaway, which of course is fake.

This isn't the first time a scam of this nature has appeared on twitter.

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.

Tim Berners-Lee wants to fix the web, 30 years on
It's a delicate balancing act, but limiting some freedoms could end up creating a fairer, more open Web. Berners-Lee is against this, claiming that "if you sign up to the principles, you can't do censorship".

In both cases, the scams have stayed up for enough time for attackers to con Twitter users into handing over bitcoin - but Twitter says it is responding to these incidents as efficiently as possible.

One of the scam tweets.

What is Twitter doing about it?

"Twitter has also substantially improved how we tackle cryptocurrency scams on the platform".

"In recent weeks, user impressions have fallen by a multiple of 10 as we continue to invest in more proactive tools to detect spammy and malicious activity". And these bots are learning from past mistakes.

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

Illustration of Elon Musk smoking weed. Palmer responded by saying that social media platforms such as Twitter need to work on their scam finding algorithms.

Recommended:

  • Kevin Harvick dominates Stage 2 at Texas

    Kevin Harvick dominates Stage 2 at Texas

    Harvick dueled Ryan Blaney late in the race, with Blaney taking the lead for about seven laps after a restart on Lap 311. Kevin Harvick celebrates after winning the AAA Texas 500 and clinching a position in the NASCAR Championship 4.
    Melbourne Cup: Cross Counter wins dramatic Cup, ending Godolphin drought

    Melbourne Cup: Cross Counter wins dramatic Cup, ending Godolphin drought

    HUGH Bowman has been suspended for a month for three charges relating to his second-placed ride on Marmelo in the Melbourne Cup . Both companies will likely record huge losses as a result of the issue on one of the biggest gambling days of the year.
    Billboard names Ariana Grande 2018 Woman of the Year

    Billboard names Ariana Grande 2018 Woman of the Year

    In June previous year her concert was the target of a suicide bomber, who killed 22 of her fans and their parents. She called it "far from a diss track" and proclaimed it was "the opposite".
  • Indonesian plane grounded after passengers complain about stinky durian

    Indonesian plane grounded after passengers complain about stinky durian

    Some passengers argued with crew members and nearly came to the point of physical altercation, according to the Jakarta Times . The Sriwijaya Air flight, headed to Jakarta from Bengkulu province in Sumatra, was carrying more than two tons of durian .
    Sri Lanka heads for showdown as Rajapakse rallies support

    Sri Lanka heads for showdown as Rajapakse rallies support

    A majority in parliament has requested that all changes made have been anti-constitutional and against the traditions. GL Peiris, a leading Rajapaksa backer, however said the no confidence motion can not be taken up in a hurry.
    2nd-Ranked Kentucky Crushed By 4th-Ranked Duke In Season Opener

    2nd-Ranked Kentucky Crushed By 4th-Ranked Duke In Season Opener

    Duke pushed the margin back to 17 at the half, then opened the second half with a 15-5 run to put the game away. And all Duke did was hand John Calipari the most lopsided loss of his 10-year tenure in Lexington.
  • Steelers Could Tag Le'Veon Bell At QB Number In 2019

    Steelers Could Tag Le'Veon Bell At QB Number In 2019

    Le'Veon Bell is in Pittsburgh, but that doesn't mean he will be reporting for work anytime soon, or anytime at all. Despite the video, there was no indication Wednesday that Bell had visited the team's facility.
    MTV European Music Awards round up - CBBC Newsround

    MTV European Music Awards round up - CBBC Newsround

    She is truly deserving of this award which is an affirmation of how consistent commitment and hard work leads to success. The 21-year-old singer and actress will serve as host for the evening, as well as take the stage as a performer.
    What Would Champions League Elimination Mean For Premier League Title Challengers?

    What Would Champions League Elimination Mean For Premier League Title Challengers?

    Then more or less straight away they score the second one and then the atmosphere was completely different, you could feel it. It's still in our hands and if we win our next two games we go through, but it was a great opportunity missed for us.
  • Thousand Oaks mass shooting: Multiple people injured at California bar

    Thousand Oaks mass shooting: Multiple people injured at California bar

    Firefighters and first responders have arrived on scene and the Ventura County Sheriff's Office is working to secure the scene. The attack has been upgraded to a level 2 mass casualty incident indicating that there are between 10 to 20 injured victims.
    First two Muslim women elected to US Congress

    First two Muslim women elected to US Congress

    Omar (D), 36, fled war-torn Somalia in the '90s and lived in a refugee camp before moving to the US. She spent four years in Dadaab until her family was cleared to emigrate to the US.
    Man admits to killing his pregnant wife and two daughters

    Man admits to killing his pregnant wife and two daughters

    Watts will receive his other sentencing terms on November 19, the date on which his status conference was previously scheduled. Watts is accused of killing his wife, Shanann, and his two young daughters , Bella and Celeste.


Popular

Democrats grab US House in blow for Trump
Jared Polis, who won the Colorado governor's race, is the first openly homosexual person to be elected governor in the U.S. More women than ever were running, along with military veterans and minorities, many of them motivated by Trump's rise.

Driver charged in toddler deaths in Brooklyn crosswalk kills herself
In March, she accidentally killed Joshua Lew, one, and Abigail Blumenstein, four, after suffering a seizure behind the wheel. Left, Tony Award-winning actress Ruthie Ann Blumenstein is seen with her daughter, Abigail Blumenstein.

Mel B says Spice Girls reunion isn't about money
They better add some US dates, right? The girls said they're only reuniting because they, too, get pure enjoyment out of it. We've got some really interesting creative ideas, but we've want our fans from back in the day to come and enjoy".

Major League Baseball star Bryce Harper rejects $300M offer from Nationals
Even though Harper is still only 26, a 14-year deal with an average annual value of $30 million per season felt a bit excessive. For those of you without a math degree, $35 million per year over a 13-year period would be $455 million.

Rafael Nadal Pulls Out Of ATP Finals
He was dumped out of the French Open as the 20th seed at the quarterfinal stage before embarking on a fine run. Much of Nadal's highlights this year did, however, come before lingering injuries got the best of him.

Dead Brothel Owner Dennis Hof Wins Nevada Assembly Election
He said he faced political retribution this year in the form of an anti-brothel push and regulatory problems. By the time he died, it was too late to put another Republican on the general election ballot.

U.S. will regret sanctions
It understands India's national security interests. "This exception relates to reconstruction assistance and economic development for Afghanistan", he said.

Former Cowboy Dez Bryant agrees to deal with Saints
Meanwhile, Cameron Meredith has been a complete non-factor, failing to register even a target in the last three weeks. When Bryant, a former star, worked out with Cleveland, he briefly negotiated with the team but never came to terms.

Rohit Sharma breaks India T20I record with century against Windies
One of the best stadiums we've played at, the way the crowd supported, hope to get the same support in future". India was able to cruise to a convincing win by 71 runs against the Windies in the second T20I at Lucknow .

Jeff Sessions resigns as attorney general at Trump’s request
Trump through his foundation in 2013, around which time Bondi's office was being asked about alleged fraud at Trump University. The complaint was filed over a $25,000 campaign contribution Bondi received from Mr.