Bitcoin was not affected by the recent crypto scam that occurred on Twitter.
On Wednesday, July 15, several high-profile accounts were hacked on Twitter to carry out a scam. Some of the individual accounts affected include Tesla CEO Elon Musk, Amazon founder Jeff Bezos, philanthropist Bill Gates, and many more. Company accounts affected include Uber and Apple. Crypto exchanges were not left out. Leading crypto exchange Coinbase and Binance were also hacked. The hacked Twitter accounts were then used to falsely promote a Bitcoin giveaway.
As expected, many Twitter users got excited and engaged with the tweets. Despite the high engagement, the Bitcoin price did not respond accordingly. On the contrary, it dropped by about 1%, which is not unusual.
Like many scam messages, the tweet shared by the affected accounts sounded too good to be true. To increase pressure, the tweet included a time limit. The tweet reads:
“We are giving back to our community. We support Bitcoin and you should too! All Bitcoin sent to our address below will be sent back to you doubled! Only going for the next 30 minutes.”
Twitter CEO Jack Dorsey apologized for the incident after Twitter deleted the tweets and restricted access.
As at press time, Bitcoin is still unaffected by the hack and is trading at $9,124.
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