Hackers Collect Hundreds of Thousands of Dollars By Posing As Elon Musk On Twitter


A couple of weeks ago, Newconomy wrote about Elon Musk’s Twitter account being in the center of a hacker scam. Well, it now seems the hackers’ efforts have paid off.

“I want to know who is running the Etherium scambots!” Musk tweeted in July. “Mad skillz.”

Today, Independent reports that hackers have actually managed to raise hundreds of thousands of dollars by posing as Elon Musk on Twitter in order to trick people into sending them bitcoin.

First, they hacked several verified Twitter accounts such as Pantheon Books and Matalan. The accounts were edited, the name and the profile picture changed to those of Mr. Musk. In the end, hackers asked the community to send bitcoins to the hijacked account.

“I’m giving 10 000 Bitcoin (BTC) to all community!” I left the post of director of Tesla, thank you all for your support,” the hacked account of Pantheon Books stated.

“I decided to make the biggest crypto-giveaway in the world, for all my readers who use Bitcoin… To verify your [bitcoin] address, send from 0.1 to 2 BTC to the address below and get from 1 to 20 BTC back.”

According to Independent, as many as 400 accounts sent bitcoins to the address associated with the scam. Although hackers asked for as little as 0.1 bitcoins, certain accounts sent as much as 0.9995 bitcoins, which are now worth more than $6,000.

In total, scammers have managed to collect 28.2 bitcoins, which is more than $180,000 USD.

A couple of days ago, Musk’s account on Twitter was suspended once he made a joke in relation to the scam. As Twitter has been shutting down hundreds of thousands of fake accounts in the recent weeks, his account was temporarily suspended.

It’s not the first time that Musk’s use of Twitter has gained worldwide attention. And rest assured, it won’t be the last either.