Scammers hijack eight Twitter accounts and steal nearly $1 million in cryptocurrency

Compiled by: DeepChain DCNews

Over the past few weeks, scammers have hijacked eight Twitter accounts of well-known figures in the crypto space to conduct phishing fraud. According to blockchain detective ZachXBT, the organization has stolen nearly $1 million worth of cryptocurrency so far.

In a Twitter post on June 9, ZachXBT outlined how he discovered several “on-chain links” wallets associated with phishing fraud promoted by accounts recently hacked by hackers.

“While most of these attacks are the result of SIM swapping, it appears that other accounts may be stolen from [Twitter administrators] panels,” ZachXBT noted.

Over the past few weeks, we have seen 8+ account hijackings related to the same group of scammers, whose addresses can be clearly seen in the on-chain link. I hope @TwitterSafety carefully investigates each attack because they result in nearly seven figures being stolen. @miramurati …

—ZachXBT (@zachxbt) June 8, 2023

The accounts belong to Cole Willemain, founder of ShortFatPenguin, DJ and NFT collector Steve Aoki, and Bitcoin Magazine editor Pete Rizzo.

Strangely, Peter Schiff, a gold supporter and a rabid cryptocurrency hater, also saw his account hacked to promote suspicious links related to tokenized gold in decentralized finance.

“I hope Twitter Safety closely investigates every attack because they result in nearly seven figures being stolen,” ZachXBT said, adding:

“Phishing fraud is almost immediately posted on Twitter when scammers gain control of a Twitter account. Twitter’s slow response time has caused some of these tweets to stay for hours or even days.”

The blockchain detective urges people to use security keys instead of SMS-based two-factor authentication.

Another account hacked mentioned by ZachXBT is Mira Murati, CTO of OpenAI.

On June 2, members of the crypto community issued a warning that her account shared a phishing link promoting a fake airdrop of an ERC-20 token called OPENAI.

This article was viewed 79,600 times and retweeted 83 times in approximately an hour before it was deleted. It is worth noting that scammers restricted who could reply to the tweet to prevent people from issuing warnings on it.

In late May, Arthur Madrid, co-founder and CEO of the metaverse platform The Sandbox, also fell victim to Twitter account hacking similar to the fraudulent Sand tokens airdrop.

However, it is currently unclear whether this particular hack is related to the group of hackers identified by ZachXBT.

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