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The Bitcoin Heist: Twitter Holds Tweeps Hostage over $100,000 Stolen Bitcoin

Updated on July 18, 2020

Yesterday night you were probably wondering why some of your tweets weren`t going through momentarily. The Twitter support team was holding everyone`s tweets hostage as they investigated into one of the best bitcoin hacks of 2020. It was like on one of those bank robbery scenes “Everyone on your knees, with your phone-clutching hands on the back of your head till we find who stole that bitcoin. Tsk! Like it would be that easy to trace over 100,000 buck’s worth of virtual currency now orbiting one of the major rings of planet Saturn in a lonely bitcoin address. No don`t panic, the hackers did not compromise bitcoin wallets, your bitcoin is still safe if you never sent it to the hackers. This is how hackers stole over 100k dollars of bitcoin from unsuspecting tweeps.

Authoritative twitter accounts used for the bitcoin heist

Apparently, the extremely smart goon hidden in a lonely dark basement probably fighting off spiders and roaches from their computer screen took advantage of the innocent gullibility and desire of the masses. The hacker first compromised verified accounts of prominent billionaires on twitter. The likes of Kanye West, Bill Gates, Elon Musk, Jeff Bezos, Apple, and several other tech accounts, you know, the type that could convince you to send bitcoin and do it instantly.

The deal on the table was too sweet

When Elon Musk or Bezos tweets telling you to send bitcoins to his wallet and he will send double the amount back to you, that’s a pretty sweet deal. “Today, I want to give back to the community,” began the villain, “Send $1000 to my bitcoin address XXXX and I will send $2000 back to you, and so forth,” they continued. The situation was actually more pitiful than laughable, considering factors like the financial atmosphere during this damned pandemic and the seriousness of the prospective business beforehand. It is at such decisive moments in life when your primal desire for more, seduces you to jump over the cliff into the unknown. You may probably land on one foot with a bitcoin account worth double the amount you sent or break every bone in your body, scammed. Well, it’s at that moment that your logic should stand beside you and slap you hard back into your senses!

Who in the world would want to send you to double the amount that you gave them? Certainly not a billionaire! How the hell will they remain a billionaire? The hack was basically one of the oldest tricks in the book of scams. Okay, let’s be honest, we`ve all probably been conned and it is as painful as it is embarrassing. When someone so effortlessly takes your hard-earned cash, you feel like you will turn the whole world upside down looking for the culprit. What a shame. This is bitcoin Bob, and it was made chiefly to be anonymous. So, when sending bitcoin to some random address on the internet you are sending your money into thin air to finance a goon`s bad habits and indulgences.

How to avoid getting hacked in a digital error

Yes, that pun was intended, give me a medal. First, you should realize you are grown up and not stupid. Nobody wants to double your net worth overnight without you putting real effort. Someone asking for your money online to double it should raise many red flags in your mind. However, if it is a legit business transaction you should consider using an escrow service. Your goods or service will be delivered first before the other party can receive the funds you sent. Plus, you will have the chance to check the quality of the deliverables.

Secondly do not trust those “urgent” emails from your bank or cable company claiming your account has been compromised. They are mostly phishing links that are used to steal bank information as you log in through the link. Instead of panicking as you log into your account madly, keep calm and call your bank first. Lastly, avoid public WI-FI like you are avoiding direct contact during this COVID-19 pandemic. But let`s face it, we are still having sex. So much for social distancing. Anyway, public internet hotspots are dens for prying hackers waiting to steal your card information. As you observe social distancing stay cyber-safe.

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