Twitter says they detected a coordinated social engineering attack by people who successfully targeted some of their employees with access to internal systems and tools
Verified accounts of many prominent people in the US were hacked in what is being called a bitcoin scam.
Top names include billionaires Elon Musk, Elon Musk, Jeff Bezos and Bill Gates. The official accounts of Barack Obama, Joe Biden and Kanye West were also hacked.
Twitter sais that they were working on a fix, CEO Jack Dorsey tweeted late on Wednesday, "Tough day for us at Twitter. We all feel terrible this happened."
"We're diagnosing and will share everything we can when we have a more complete understanding of exactly what happened," said Mr Dorsey.
The fake tweets offered to send $2,000 for every $1,000 sent to a bitcoin address.
Twitter says they detected a coordinated social engineering attack by people who successfully targeted some of their employees with access to internal systems and tools.
The hackers then used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf. The security team are looking into what other malicious activity the hackers may have conducted or information they may have accessed.
Twitter immediately immediately locked down the affected accounts and removed Tweets posted by the attackers.
The founder & CEO of @BitTorrent, Justin Sun is putting out a $ 1 million bounty for the hackers
The tweets made from the accounts of technology moguls, politicians, celebrities and major companies after they were hacked amounted to almost 12.9 BTC. The collected amount is currently valued at almost Rs 86 lakh and roughly half of the sum in bitcoins were withdrawn on 15th July.
Also, in latest updates to the hack, Twitter has revealed that they have detected a coordinated social engineering attack by hackers who were successful in targeting some employees of Twitter.
Twitter also revealed that some of their internal tools and systems were used to take control of many highly-visible accounts and tweet on their behalf.