Scammers hijacked 8+ Crypto Twitter accounts and stole almost $1M.

Recently, a group of scammers has taken over more than eight Twitter accounts belonging to well-known figures in the cryptocurrency industry and used them to promote phishing scams, resulting in the theft of almost $1 million worth of cryptocurrency. Blockchain expert ZachXBT has discovered several “linked on chain” wallets associated with the phishing scams promoted by these hacked accounts. While most of the attacks were due to SIM swaps, ZachXBT noted that it appears that some accounts were potentially stolen using a Twitter admin panel.

Over the past few weeks we have seen 8+ account takeovers connected to the same group of scammers as evident by how their addresses are linked on-chain. I hope @TwitterSafety investigates each attack closely as they have resulted in almost seven figures stolen. @miramurati … pic.twitter.com/ypnqyb5oNy

— ZachXBT (@zachxbt) June 8, 2023

The hacked accounts belong to figures such as Cole Villemain, the founder of Pudgy Penguins; Steve Aoki, a DJ and NFT collector; and Pete Rizzo, a blockchain editor. Interestingly, even Peter Schiff, a gold proponent and a fervent crypto critic, had his account hacked to promote a dubious link related to tokenized gold in decentralized finance.

ZachXBT said, “I hope Twitter Safety investigates each attack closely as they have resulted in almost seven figures stolen,” adding that:

“When the scammer gains control of a Twitter account, phishing scams are tweeted out almost immediately. Slow response times from Twitter Support have resulted in some of these tweets staying up for many hours and even days.”

ZachXBT urged people to use a security key instead of SMS-based two-factor authentication to prevent such hacks. One of the other account hacks highlighted by ZachXBT involved Mira Murati, the chief technology officer of OpenAI.

Related: Uniswap scam alert: Fraudsters impersonate executives and create fake website

On June 2, members of the crypto community warned about Murati’s account sharing a phishing link that promoted a fake airdrop for an ERC-20 token named OPENAI. This post was live for about an hour, viewed 79,600 times, and retweeted 83 times before it was deleted. Notably, the scammers had restricted who could reply to the tweet to stop people from placing warnings on it.

In late May, Arthur Madrid, the co-founder and CEO of The Sandbox, a metaverse platform, was also subjected to the same style of Twitter account hack that saw a fake SAND token airdrop being promoted. It is unclear whether this particular hack is connected to the group of hackers identified by ZachXBT, however.

Magazine: $3.4B of Bitcoin in a popcorn tin — The Silk Road hacker’s story

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