Twitter says ‘coordinated social engineering’ attack caused Bitcoin scam. Hackers caught using BitPay and Coinbase on hack-related wallet. Gold Bug Peter Schiff: ‘Is the Twitter Hack a Harbinger for Bitcoin?’

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Links to articles discussed:

https://cointelegraph.com/news/twitter-hackers-caught-using-bitpay-and-coinbase-on-hack-related-wallet

https://www.coindesk.com/twitter-says-coordinated-social-engineering-attack-caused-bitcoin-scam

https://cointelegraph.com/news/gold-bug-peter-schiff-is-the-twitter-hack-a-harbinger-for-bitcoin

https://decrypt.co/35766/us-congressman-bitcoin-isnt-the-problem-centralized-control-is

https://www.crypto-news-flash.com/weiss-ratings-cardano-and-ethereum-will-coexist/

https://www.crypto-news-flash.com/steller-lumens-becomes-part-of-the-samsung-blockchain-keystore/

https://dailyhodl.com/2020/07/15/glassnode-says-chainlink-buyers-on-a-rampage-as-crypto-asset-barges-into-the-top-ten-by-market-cap/

https://news.bitcoin.com/grayscale-crypto-investments-1-billion-bitcoin-trust/

https://www.altcoinbuzz.io/cryptocurrency-news/product-release/quarkchain-collaborates-with-amazon-web-services/

Twitter account of Jeff Bezos, Bill Gates, Elon Musk, and several other billionaires has been targeted and hacked. The tweets from their account demanded cryptocurrency Bitcoin donations and said that it’ll be double within 30 minutes. All the tweets were deleted later. The site Blockchain.com which monitors the transactions made in cryptocurrency said a total of $116,000 had been sent to the e-mail addresses mentioned in the fraudulent ways.

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Accounts for famous Twitter users like former President Obama, former Vice President Biden, Jeff Bezos and Kanye West were taken over by cybercriminals. Twitter says it was likely a “coordinated social engineering attack,” meaning access was gained by targeting employees of the social media giant.
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FBI Leading Investigation Of High Profile Twitter Hack | NBC Nightly News

Buy Kevin Mitnick’s book on social engineering: http://lon.tv/mitnick (affiliate link) – Twitter was “socially engineered” late last week, giving attackers access to the entire Twitter back end. It rendered individual account security useless. See all of this week’s mentioned videos: http://lon.tv/ww310 and subscribe! http://lon.tv/s

VIDEO INDEX:
00:00 – Intro
00:42 – Social Engineering Defined
01:29 – Twitter Attack & How It Happened
04:59 – Impact
09:01 – Dangers of Social Engineering
09:52 – SIM Swapping
10:52 – Ghost In The Wires Book Recommendation
12:28 – Protecting Yourself
16:04 – Supporter Thank Yous
16:55 – Helping The Channel
17:10 – Week In Review
18:55 – Coming Up This Week
19:29 – My Other Channels
20:53 – Conclusion

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