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And that was apparently all that was needed to spark a sharp rally in the cryptocurrency's price on Friday. The bulls hope that Musk is signaling either he or -- even better -- Tesla is investing in bitcoin. MicroStrategy helped to start a trend among companies that have begun to purchase bitcoin -- one that would likely accelerate if Tesla were to join their ranks. Of course, as of right now, this is all just conjecture.
Yet at least for today, the bulls are taking it as another reason to buy bitcoin. Investing Best Accounts. Stock Market Basics. Stock Market. Industries to Invest In. Getting Started. Planning for Retirement. Retired: What Now? A Twitter spokesperson told Bloomberg that they do use "extensive security training and managerial oversight" to manage employees and partners with access to the tools, and that there was "no indication that the partners we work with on customer service and account management played a part here".
Security researcher Brian Krebs corroborated with TechCrunch 's source and with information obtained by Reuters that the scam appeared to have originated in the "OGUsers" group. The FBI announced July 16 it was launching an investigation into the scam, as it was used to "perpetuate cryptocurrency fraud", a criminal offense. The United States Department of Justice announced the arrest and charges of three individuals tied to the scam on July 31, A year-old from the United Kingdom was charged with multiple counts of conspiracy to commit wire fraud, conspiracy to commit money laundering , and the intentional access of a protected computer, and a year-old from Florida was charged with aiding and abetting the international access.
A third individual, a minor from Florida, was also indicted but due to their age, the charges were sealed in juvenile court in Florida. A fourth individual, a year-old from Massachusetts, had been identified as a possible suspect in the scam by the FBI.
Though federal agents had conducted a warranted search of his possessions in late August , no indictments have been made yet. Affected users could only retweet content, leading NBC News to set up a temporary non-verified account so that they could continue to tweet, retweeting "significant updates" on their main account. During the incident, Twitter, Inc. Security experts expressed concern that while the scam may have been relatively small in terms of financial impact, the ability for social media to be taken over through social engineering involving employees of these companies poses a major threat in the use of social media particularly in the lead-up to the United States presidential election , and could potentially cause an international incident.
Twitter chose to delay the rolling out of its new API in the aftermath of the security issues. Though not part of the Twitter incident, Steve Wozniak and seventeen others initiated a lawsuit against Google the following week, asserting that the company did not take sufficient steps to remove similar Bitcoin scam videos posted to YouTube that used his and the other plaintiffs' names, fraudulently claiming to back the scam.
Wozniak's complaint identified that Twitter was able to act within the same day, while he and the other plaintiffs' requests to Google had never been acted upon. From Wikipedia, the free encyclopedia. July compromise of multiple Twitter accounts to post scam tweets. A representative scam tweet, from Apple 's hacked account. CNN Business. Archived from the original on July 16, Retrieved July 15, BBC News. July 15, Archived from the original on July 15, The New York Times. Archived from the original on July 17, Retrieved July 17, The Verge.
Retrieved July 31, Business Insider. Archived from the original on July 18, SBS World News. Retrieved July 16, FBI is leading an inquiry into the Twitter hack, sources say". It could have been. Twitter hack reveals national security threat ahead of election". USA Today. Twitter Users in a Bitcoin Scam". Retrieved July 19, The Independent.
NBC News. BuzzFeed News. Retrieved July 18, Here's what we do and don't know about what's going on right now". The Irish Times. We are investigating and taking steps to fix it. We will update everyone shortly" Tweet — via Twitter. Yahoo News. Archived from the original on July 21, Retrieved July 20, Retrieved July 18, — via Twitter. Archived from the original on July 23, Retrieved July 22, Retrieved July 23, Android Police. Retrieved July 15, — via Twitter. Ars Technica. Archived from the original on July 31, Bloomberg News.
Archived from the original on July 28,
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