Massive Twitter Hack Hits Buffett, Bezos, Musk and More
A number of verified Twitter accounts, including Tesla CEO Elon Musk and Warren Buffett, appear to have been hacked in a widespread Bitcoin scam.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
A number of high-profile Twitter (TWTR) accounts were the subject of a massive hack Wednesday afternoon in what appears to be a Bitcoin scam targeting verified users.
At 4:17 p.m., the account of Tesla (TSLA) CEO Elon Musk tweeted out a message asking people to send him a payment in Bitcoin, and in return, he would return double that amount: “I‘m feeling generous because of Covid-19. I’ll double any BTC payment sent to my BTC address for the next hour. Good luck, and stay safe out there!”
The tweet was deleted minutes later, but it was replaced by another similar one:
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Over the next hour, a number of other major accounts were targeted, including Microsoft (MSFT) founder Bill Gates, who tweeted out a message with the same Bitcoin wallet address as the second Musk tweet.
Among the other accounts that appear to have been hacked:
- Former President Barack Obama
- Presidential candidate Joe Biden
- Berkshire Hathaway (BRK.B) CEO Warren Buffett
- Amazon.com (AMZN) CEO Jeff Bezos
- Rapper Kanye West
- Boxer Floyd Mayweather
- The official Apple (AAPL) Twitter handle
- Former New York City mayor Michael Bloomberg
- Digital currency exchange Coinbase
Twitter has written on its support account that "We are aware of a security incident impacting accounts on Twitter. We are investigating and taking steps to fix it. We will update everyone shortly."
The company reportedly stopped verified accounts from being able to tweet as it investigated the situation.
Later Thursday, Motherboard reported that, according to leaked screenshots and a pair of anonymous sources, a Twitter insider gave the hackers access.
"We used a rep that literally done all the work for us," one source told Motherboard.
Twitter later confirmed that they thought insiders facilitated the attack.
"We detected what we believe to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools," the company tweeted. "We know they used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf. We’re looking into what other malicious activity they may have conducted or information they may have accessed."
Users of the social media platform are strongly advised not to send payments to any wallet addresses seemingly associated with the Twitter hack.
TWTR shares were down 3% in after-hours trading in response to the developing event.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.
Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism.
You can check out his thoughts on the markets (and more) at @KyleWoodley.
-
Americans, Even With Higher Incomes, Are Feeling the SqueezeA 50-year mortgage probably isn’t the answer, but there are other ways to alleviate the continuing sting of high prices
-
Hiding the Truth From Your Financial Adviser Can Cost YouHiding assets or debt from a financial adviser damages the relationship as well as your finances. If you're not being fully transparent, it's time to ask why.
-
How to Manage a Disagreement With Your Financial AdviserKnowing how to deal with a disagreement can improve both your finances and your relationship with your planner.
-
Is There Such a Thing As a Safe Stock? 17 Safe-Enough IdeasNo stock is completely safe, but we can make educated guesses about which ones are likely to provide smooth sailing.
-
If You'd Put $1,000 Into Caterpillar Stock 20 Years Ago, Here's What You'd Have TodayCaterpillar stock has been a remarkably resilient market beater for a very long time.
-
Nasdaq Leads a Rocky Risk-On Rally: Stock Market TodayAnother worrying bout of late-session weakness couldn't take down the main equity indexes on Wednesday.
-
AI Unwind Takes 2% Off the Nasdaq: Stock Market TodayMarkets are paying more and more attention to hyperscalers' plans to spend more and more money on artificial intelligence.
-
Dow Adds 1,206 Points to Top 50,000: Stock Market TodayThe S&P 500 and Nasdaq also had strong finishes to a volatile week, with beaten-down tech stocks outperforming.
-
Stocks Sink With Alphabet, Bitcoin: Stock Market TodayA dismal round of jobs data did little to lift sentiment on Thursday.
-
Nasdaq Slides 1.4% on Big Tech Questions: Stock Market TodayPalantir Technologies proves at least one publicly traded company can spend a lot of money on AI and make a lot of money on AI.
-
Stocks Close Down as Gold, Silver Spiral: Stock Market TodayA "long-overdue correction" temporarily halted a massive rally in gold and silver, while the Dow took a hit from negative reactions to blue-chip earnings.
