Twitter accounts of Bill Gates, Jeff Bezos, Elon Musk hacked in Bitcoin scam

The ruse included bogus tweets from Barack Obama, Kim Kardashian, Kanye West & Joe Biden as well.

Bitcoin scam: How hackers got access to top Twitter accounts and why the incident matters
Unidentified hackers broke into the Twitter accounts of technology moguls, politicians, celebrities and major companies Wednesday in an apparent Bitcoin scam.

The ruse included bogus tweets from former President Barack Obama, Democratic presidential front-runner Joe Biden, Mike Bloomberg and a number of tech billionaires including Amazon CEO Jeff Bezos, Microsoft co-founder Bill Gates and Tesla CEO Elon Musk. Celebrities Kanye West and his wife, Kim Kardashian West, were also hacked. The fake tweets tweets offered to send $2,000 for every $1,000 sent to an anonymous Bitcoin address.

There is no evidence that the owners of these accounts were targeted themselves. Instead, the hacks appeared designed to lure their Twitter followers into sending money to an anonymous Bitcoin account. The Biden campaign, for instance, said that Twitter's integrity team "locked down the account within a few minutes of the breach and removed the related tweet."


Obama's office had no immediate comment. The FBI said it was aware of Twitter's security breach, but declined further comment.

The apparently fake tweets were all quickly deleted, although the Associated Press was able to capture screenshots of several before they disappeared.

In several tweets, Twitter said it believes the incident was a "coordinated social engineering attack" that targeted some of its employees with access to internal systems and tools. They were then used to take control of many high-profile and verified accounts and tweet from them.
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The company said it immediately locked down the affected accounts and removed the tweets posted by the attackers. It also temporarily blocked verified users from tweeting while the company investigated the issue.

Among the political figures targeted, the hack mostly appeared to target Democrats or other figures on the left, drawing comparisons to the 2016 campaign. U.S. intelligence agencies established that Russia engaged in coordinated attempts to interfere in those U.S. elections through social media tampering and various hacks, including targeting the various campaigns and major party organizations.

The hack might also be a simple demonstration of Twitter's weak security controls as the U.S. heads into the 2020 presidential election, a contest in which the service is likely to play an influential role.

The Bitcoin account mentioned in the fake tweets appears to have been created on Wednesday. By the end of the day, it had received almost 12.9 bitcoins, an amount currently valued at slightly more than $114,000. At some point during the day, roughly half that sum in bitcoin was withdrawn from the account.
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Bezos, Gates and Musk are among the 10 richest people in the world, with tens of millions of followers on Twitter. The three men are worth a combined $362 billion, according to the latest calculations by Forbes magazine.

The same bogus offer cropped up a second time on Musk's account, which has a history of sometimes befuddling tweets from the eccentric billionaire. Tesla didn't immediately respond to a request for comment.
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Gates, who has become one of the world's leading philanthropists since stepping down as Microsoft CEO, confirmed the tweet wasn't from him. "This appears to be part of a larger issue that Twitter is facing," a spokesperson for the billionaire said in a statement.

This is hardly the first time hackers have created mischief on Twitter. Just last year, the account of Twitter CEO Jack Dorsey was broken into a nd used to tweet racist and vulgar comments.

The latest security breach prompted Sen. Josh Hawley, a Missouri Republican, to send a letter to Dorsey urging him to work with the FBI and the Justice Department on ways to improve Twitter's security.

"A successful attack on your system's servers represents a threat to all of your users' privacy and data security," Hawley wrote.

Investors also appeared to be concerned about potential fallout from the hack affecting Twitter's usage. Twitter's shares fell 3% in extended trading after news of the hack broke.

Bill Gates, Ratan Tata, Jack Ma: Business Leaders Who Accepted Their Biggest Mistakes
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Bill Gates recently said that his ‘greatest mistake ever’ — reportedly worth $400 billion — was to not create Android at Microsoft. A look at other regrets of businessmen.

(In pic from left: Bill Gates, Ratan Tata, Jack Ma)

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In April 2018, Mark Zuckerberg told reporters that he made a ‘huge mistake’ in failing to take a broad enough view about Facebook’s responsibility to the world. This statement was also in the context of the Cambridge Analytica scandal, in which the data mining firm misused data to try and influence elections. In March 2018, Zuckerberg said that “one of the biggest mistakes” of Facebook was not digging deeper into the Cambridge Analytica scandal.

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The year 2015 marked the 50th anniversary of Warren Buffett and his partners’ decision to take control of Berkshire Hathaway. In his letter to the shareholders, Buffett shared his biggest investment mistakes. He said that buying Berkshire was a “monumentally stupid decision” and that he had only bought the company because it was cheap. Buffett kept investing money in Berkshire’s textile mills, eventually shutting operations in 1985.

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In July 2015, Ratan Tata, chairman of Tata Trusts and former head of Tata Sons, said his greatest mistake was branding of the Nano car as the cheapest instead of the ‘most affordable’, which was the intention of the company. Branding the car as the cheapest created a negative impact on the market, he said. “Success comes i f one took decisions that one thinks are the right ones,” Tata said.

In July 2015, Ratan Tata, chairman of Tata Trusts and former head of Tata Sons, said his greatest mistake was branding of the Nano car as the cheapest instead of the ‘most affordable’, which was the ..
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In March 2018, Elon Musk participated in a Q&A at South by Southwest. While answering a variety of questions, the Tesla CEO said that the biggest career mistake he made was not being more involved with Tesla in its initial days. From 2004 to 2008, Musk was a lead investor in Tesla, but he was the CEO of SpaceX, a space exploration company. At the event, Musk said, “I think that was probably the biggest mistake of my career. Whenever you think you can have your cake and eat it too, you’re probably wrong.”

In March 2018, Elon Musk participated in a Q&A at South by Southwest. While answering a variety of questions, the Tesla CEO said that the biggest career mistake he made was not being more involved wi..
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In April 2016, Chinese e-commerce giant Alibaba’s founder and CEO Jack Ma spoke at the 20th St Petersburg International Economic Forum. At the event, Ma reportedly said, “My biggest mistake was I made Alibaba. I never thought that this thing would change my life. I was just trying to do a small business and grow that big [sic], take that much responsibility and got so much trouble. Every day is like as busy as a president, and I don’t have any power. And then I don’t have my life.” In January 2018, Alibaba became the second Asian company to break the $500-billion valuation mark.

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