Hidden Messages Found in Transactions to Twitter Hack Bitcoin Address

Published at: July 16, 2020

Some of the largest and most influential Twitter accounts in the world were hacked earlier today to promote fake Bitcoin giveaways. But eagle-eyed Reddit users have spotted a series of hidden messages in transactions sent to the Bitcoin wallet at the center of the scam. 

Prominent accounts targeted in the Twitter attack included Joe Biden, Elon Musk, George Wallace, Bill Gates, Kanye West, Kim Kardashian, Wiz Khalifa, Warren Buffett, Mike Bloomberg, Barack Obama and Jeff Bezos. The accounts were hacked with a message promising that if users sent BTC to a particular address, they would get a 2:1 return. According to blockchain data, a user sent 0.00005348 Bitcoin (BTC) — roughly half a dollar in seven different transactions to the BTC wallet associated with the Twitter hack. The yet-to-be-identified sender spent 0.00121639 BTC in transaction fees — $11.19 — to send the following message: 

Just Read All

Transaction Outputs As Text

You Take Risk When Use Bitcoin

For Your Twitter Game

Bitcoin is Traceable

Why Not Monero

As of this writing, scammers have conned Twitter users out of 12.86 BTC, or roughly $118,000. It’s unclear whether the message was targeting those responsible for the hack, or for those who fell for the Bitcoin giveaway scam by sending crypto.

Why not Monero?

Monero (XMR) is well known in the crypto community as a coin with more privacy features than Bitcoin, and is considered by many as the token of choice for scammers and darknet activities. 

Reddit user u/ethereumflow said the message was strategic in that it reached people who use BTC to get them to research some of the differences with XMR: 

“I doubt anyone that has Monero would fall for this scam but a lot of gullible people have BTC, no disrespect. I’m sure the intention was always to eventually swap for Monero. Questions will be directed at whichever exchange this happens with I’m sure. Is this good press for Monero? I don’t know. But it does advertise the high level of privacy and security.”

As of this writing, the price of Monero is $71.04, up 4.66% in the last 24 hours, while BTC remains in the $9,200s.

Tags
Related Posts
Digital intelligence must overcome challenges to solving crypto crimes
While the value of cryptocurrencies has varied wildly in the last year, this has not diminished crypto’s attractiveness to criminals. Many of them are moving their illegal activities underground and outside the view of law enforcement. Because of the public nature of most blockchains, however, this rapid movement shouldn’t be a major concern to law enforcement agencies. With the right tools and training, following the proceeds of crypto-enabled crime is actually not as difficult as it may seem. However, intelligence agencies must have a cryptocurrency investigation plan that includes the right tools to lawfully collect digital evidence and the properly …
Technology / Aug. 20, 2021
Crypto crimes are no excuse for taking away digital asset fungibility
The modern world has become too small for comfort. The truth is that technological advancement is a double-edged sword, which has the potential to enhance human lives drastically at many levels and disrupt them in the blink of an eye, shaping things on a global level to an extent yet not seen. Even though we enjoy fast progress in crypto services and digital asset fields, constant security breaches and hacks pose a severe threat to market participants. The very essence of safety in the modern world is questioned. Therefore, it’s about time we clarify the complex topic of fungibility in …
Decentralization / Sept. 26, 2020
Defending Bitcoin’s Integrity in the Great Twitter Hack
Bitcoin (BTC) has made global headlines again because of the recent Twitter hack, but this time, we need to work harder to protect Bitcoin’s integrity and the progress the industry has made. The coordinated social engineering attack compromised the Twitter accounts of high-profile figures and organizations like Microsoft co-founder Bill Gates, Tesla founder Elon Musk, Amazon owner Jeff Bezos, former United States President Barack Obama and 2020 U.S. presidential candidate Joe Biden, among many others, to ask for Bitcoin in fake “giveaway” posts. When the story broke, the New York Times, BBC and other mainstream media outlets were quick to …
Decentralization / July 22, 2020
Twitter CEO Jack Dorsey has fired up a full Bitcoin node
Twitter founder and CEO Jack Dorsey has fired up his own Bitcoin (BTC) node. On Feb. 5, the tech billionaire posted a screenshot of the Bitcoin node software Bitcoind running on his computer, meaning Dorsey now lends a hand in validating Bitcoin transactions. Dorsey posted the screenshot along with the words, “Running #bitcoin”. The photo shows Dorsey’s computer in the midst of synchronizing with the Bitcoin blockchain, which requires that a user download the entire history of the chain to date. The Bitcoin blockchain is around 325GB in size at time of writing. Running #bitcoin pic.twitter.com/W51ga3yrKb — jack (@jack) February …
Technology / Feb. 5, 2021
Twitter Hackers Caught Using BitPay and Coinbase on Hack-Related Wallet
The Twitter hackers who compromised more than a dozen celebrity accounts on Wednesday appear to be consolidating their funds to an address that had earlier sent money to BitPay and Coinbase. According to research from Whitestream, a blockchain analytics company, three transactions originating from the “1Ai5” address lead to wallets associated with Coinbase and BitPay, both of which provide merchant solutions. The legacy address was the first to be offered by the hackers, who later switched to a Bech32 address when targeting non-crypto accounts. However, the original address is now the consolidation point of all the proceeds gotten through the …
Technology / July 16, 2020