Crypto Twitter Heist: Hackers Stole $1M from Prominent Accounts

• Multiple Twitter accounts have been hacked by scammers.
• Peter Schiff’s account also fell victim to hacking.

Multiple Twitter accounts belonging to key figures in the cryptocurrency industry have fallen victim to a group of scammers. By leveraging the compromised accounts, these scammers have propagated phishing scams, resulting in the theft of approximately $1 million in crypto funds.

Over the past few weeks we have seen 8+ account takeovers connected to the same group of scammers as evident by how their addresses are linked on-chain.
I hope @TwitterSafety investigates each attack closely as they have resulted in almost seven figures stolen. @miramurati… pic.twitter.com/ypnqyb5oNy

— ZachXBT (@zachxbt) June 8, 2023

Through an informative Twitter thread, ZachXBT shed light on the discovery of several wallets “linked on chain” that is intricately tied to the phishing scams being disseminated through the compromised accounts. Among the individuals whose accounts compromised are Cole Villemain, the founder of Pudgy Penguins, DJ and NFT collector Steve Aoki, and Pete Rizzo, the editor of Bitcoin Magazine.

Peter Schiff, a well-known gold advocate who openly opposes cryptocurrencies, experienced a security breach. His account hacked to endorse a dubious link connected to tokenized gold in the context of Decentralized Finance.

In a series of 40 attacks, hackers managed to pilfer around $400 million from various cryptocurrency projects. Marking a significant 70% decline in stolen funds compared to the corresponding period in 2022, according to the report.

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