Elon Musk, CEO of global tech giant Tesla, had his official Twitter handle compromised by a ‘coordinated social engineering attack’ late Wednesday afternoon. This along with political figures Democratic Presidential candidate Joe Biden and former President Barack Obama, Hollywood bigwigs and power couple Kanye and Kim Kardashian-West, and even to colleagues in the technology industry such as Microsoft co-founder and philanthropist Bill Gates.
Although some of them may vary from one another, all of them shared a tweet promising to double their follower’s money after transferring their funds to a linked Bitcoin address. As of press time, the said address was able to amass more than $ 118,000 worth of transactions.
“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,” it said.
They have taken initial actions such as limiting activities mainly sending out a tweet to a large number of accounts and have taken steps to remove the malicious tweet sent out by the hackers without the account owners’ consent.
“Internally, we’ve taken significant steps to limit access to internal systems and tools while our investigation is ongoing. More updates to come as our investigation continues,” it concluded.
This isn’t the first time Musk was targeted by cryptocurrency hackers which employ different methods in the past – from creating several that tend to mimic the Tesla CEO to responding to his official account’s tweets to help it appear legitimate. Twitter’s management in 2018 even locked users to change their display names to ‘Elon Musk’ to combat the growing number of scams being associated with the business mogul.