This is How Much the Twitter Hackers Earned in Bitcoin and XRP: Report

By Nivesh Rustgi
Published July 16, 2020 Updated July 16, 2020
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Image Source: FT

This is How Much the Twitter Hackers Earned in Bitcoin and XRP: Report

By Nivesh Rustgi
Published July 16, 2020 Updated July 16, 2020

Yesterday, a Twitter hack of ‘blue ticked’ accounts which includes Elon Musk, Bill Gates, Barak Obama, Apple Binance Exchange account, it’s CEO and so on shook the elite social media circle. The hackers ran a crypto giveaway scam offering to double the amount people sent to the addresses shared by them.

The primary Bitcoin address of the blatant giveaway scam has raked 12.85345191 BTC (nearly $120,000). The secondary address got only 0.178 BTC in the address (nearly $1,600). The addresses and funds are now being tracked by leading analytics firm and exchanges. One of the primary victims is allegedly a Japanese user who send around $40,000 to the hackers in an attempt to double his money.

Reportedly, the amount transferred in XRP was nil. Chainalysis who released their initial report this morning notified that the ‘funds were on the move.’

Addresses are labelled in our products and we are continuing to add new addresses as we find them. Affected customers will see it in Reactor and KYT. We will keep everyone posted on any additional insights we uncover.

The hackers also transferred funds to their Bitcoin addresses to dupe the victims into believing that the offer was real and ‘easy money’ is on the table.

Twitter Puts a Stop on Crypto Addresses

Now, Twitter has imposed restrictions on posting crypto addresses on their platforms, putting a stop to donations and giveaway scams for a while. The nature of the hack suggests an insider job by a disgruntled or corrupt employee.

The real-time updates on the on-going hack on Twitter itself saved quite a large number of individuals from falling into the trap. Nevertheless, the tweet itself was suspicious enough. Apparently, the hackers got hands at one of the biggest opportunities in today’s world, still played an amateur hand. Naval (alias), a crypto analyst suggests,

Hacking Elon’s Twitter account and using it for a crypto scam rather than a stock-trading scam shows a complete lack of imagination.

How would you have benefitted if you had access to Twitter accounts of leading figures including Donald Trump? Please share your views with us. 


The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Nivesh Rustgi
1181 Articles
Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)