Elon Musk, Kanye West and Bill Gates' Twitter accounts hacked by Bitcoin thief...
One week in review:
July 13–19 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1. Elon Musk, Kanye West and Bill Gates' Twitter accounts hacked by Bitcoin thief | | | This week, Twitter and Bitcoin suffered a PR disaster. In a coordinated, ambitious attack, about 130 high-profile accounts were hijacked. Top celebrities, entrepreneurs, politicians, businesses and crypto exchanges were affected. | | | Many posted similar tweets that promised followers that Bitcoin payments sent to a specific address would be doubled. It's estimated the attackers received 375 payments worth $120,000 as a result of the attack, with one Japanese wallet sending $40,000 in BTC. | | #2. Twitter hack: "Social engineering attack" on employee admin panels | | | The attack has been described as a threat to national security. We still don't know whether the criminals managed to access sensible information found in direct messages. It seems the scammers were able to succeed with their audacious hack because employees have high levels of access to information and control on the platform. | | | Early detective work suggests the hackers aren't sophisticated Bitcoin users as they left trails leading to and from major exchanges that presumably hold the keys to their identities. Research from Whitestream indicates they appear to be consolidating their funds to an address that had earlier sent money to BitPay and Coinbase. | | #3. Twitter hack: The crypto world responds | | | One mystery behind the hack is how the attackers obtained access to so many high-profile accounts. Some theories suggest it was an "inside job" and the work of a disgruntled former or current Twitter employee. Others claimed it was clear that the hackers had a "super low IQ" as anyone with access to so many influential accounts could have easily chosen to manipulate the markets through FUD rather than run giveaway scams. | | #4. Prediction of the Week "Worthless coin" — McAfee says he never believed Bitcoin would hit $1 million | | | In July 2017, John McAfee boldly predicted that Bitcoin would hit $500,000 within three years — proclaiming he would "eat his own dick" on national television if he was wrong. Last year, he doubled down on that bet — and said he was adamant BTC would hit $1 million. Now, in a sign that such wild predictions aren't to be trusted, McAfee has said he never believed Bitcoin would reach seven figures, describing it as an "old, tired worthless coin." | | #5. FUD of the Week Brazilian Jiu-Jitsu champion says he lost Bitcoin bought in 2015 | | | A Brazilian Jiu-Jitsu fighter has revealed he was one of the poor souls who missed out on Bitcoin's all-time high in 2017 after misplacing his coins. Craig Jones, who is based in Australia, had bought the crypto in 2015 when the price was roughly $200–$400. Unfortunately for him, the 29-year-old champion couldn't cash in when the price topped $20,000. | | | He said: "Me and a couple of mates bought some bitcoin for s----s and giggles and then forgot about it almost immediately. Then when things went crazy a couple of years later, we were all frantically trying to work out who had the password, but nobody could remember how to get our account back." | | #6. FUD of the Week Two teens arrested after paying Bitcoin to see livestream murder on dark web | | | Two Italian 17-year-olds have been arrested for paying Bitcoin to see children sexually abused, tortured and murdered on live streams. The deep web website used by the teenagers also allowed users to pay extra to decide what torture the children would be subjected to next. The two were searched as part of an ongoing investigation that has so far involved 25 people — 19 minors and six over 18 — residing in 13 Italian provinces. | | Feel free to explore the most important news with Hodler's Digest by Thomas Simms:
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