Elon Musk’s Twitter account used for Bitcoin scam

Clothes retailer Matalan appeared to have had its Twitter account targeted today by scammers

Clothes retailer Matalan appeared to have had its Twitter account targeted today by scammers

While the accounts" handles remained unchanged, their pictures were changed and the display names were changed to "Elon Musk' in a bid to trick Twitter users who follow the Tesla founder online.

While the attack was thought to have been made specifically on a number of verified accounts (those with the blue tick) it has been confirmed that at least Matalan, Pathe UK and publisher Pantheon Books were successfully targeted.

By press time, the promotional tweet (which are paid for in an effort to reach a wider audience) had been removed, along with the profile image and name on the @pallonefornj account.

Several verified Twitter accounts have been hacked to impersonate Elon Musk today, November 5, with one reportedly collecting nearly $170,000.

To add greater legitimacy to the account, the scammers would show up in Musk's mentions, acting as if it was Musk who was Tweeting.

There are other verified accounts which have been used by the hackers which have commented under the original "Elon Musk" tweet but with different names leading Twitter users to believe that this is legitimate.

A little later, the film company returned access to the account and deleted posts related to the distribution of cryptocurrency.

They included links with the posts that sent users to a webpage where they were asked to send anywhere between 0.1 BTC ($640) to one full Bitcoin ($6,400) with the promise they would receive a 10x return.

They then took advantage of the promoted tweets function that allows account holders to pay for tweets to appear prominently in people's Twitter feeds.

For example, the above tweet would appear to have been praised by verified accounts like boxer Rayton Okwiri, blogger Sarah Scoop, and Swansea City AFC Ladies.

Several verified Twitter accounts were hacked earlier on Tuesday.

It is said that the hackers have compromised several different accounts, including those of film producer Pathe U.K. and USA politician Frank Pallone Jr.

Pathe later said its account was hacked "by an unknown third party", saying the issue had since been resolved. In fact, it's now so bad that Twitter has introduced a new rule that prevents people from updating their display name to 'Elon Musk'. And, just a few weeks ago, he found himself temporarily silenced on the platform for tweeting, "Wanna buy some bitcoin?", with Twitter believing his account to have been hacked.

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