Twitter says the sprawling hack was the result of a “coordinated social engineering assault” on its staff members.

Bitcoin scammers targeted the Twitter accounts of many high-profile names including Elon Musk, Kanye West, Bill Gates and many more. They also targeted well-known tech executives, performers and political leaders on Wednesday, in a wide-spread attack.

Accounts with numerous fans appeared to have been jeopardized, raising issues about whether the company is doing enough to safeguard the safety and security of its users. While cryptocurrency scams aren’t a new issue for Twitter, the dimension of Wednesday’s strike is uncommon.

Most of the accounts had very similar tweets stating they would send double the amount of Bitcoin to anyone who sends them some. The fraud tweets would occasionally disappear, only to re-emerge minutes later on.

During the hack’s very first two hours, Twitter didn’t have a handle on the incident. In one tweet, they claimed some users did not have the ability to tweet or even reset their password as they dealt with the problem. Twitter additionally started getting rid of tweets of screenshots showing interior tools that were possibly utilized in the assault.

Twitter CEO Jack Dorsey tweeted Wednesday night that it was “a hard day for us at Twitter” as well as guaranteed to share the company’s findings when it finished its diagnosis of the hack.

The Wednesday hack isn’t the first time that Twitter accounts have actually been jeopardized by fraudsters. In 2018, cyber criminals took control of the validated Twitter accounts of Target and Google’s G Suite. In that strike, they manipulated a third-party advertising service, not its own system. Twitter then outlawed cryptocurrency ads, yet that hasn’t stopped bad actors from coming back for more.

When scrolling aimlessly on the internet and through your social media accounts, just don’t send money to people you don’t know. It’s really that simple.

Click here to read more about the Twitter meltdown of 2020.