{"id":394736,"date":"2019-08-31T20:01:49","date_gmt":"2019-08-31T20:01:49","guid":{"rendered":"https:\/\/wncen.com\/?p=394736"},"modified":"2019-08-31T20:03:32","modified_gmt":"2019-08-31T20:03:32","slug":"bitcoin-bull-jack-dorseys-twitter-hack-is-painful-reminder-for-crypto-security","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bull-jack-dorseys-twitter-hack-is-painful-reminder-for-crypto-security\/","title":{"rendered":"Bitcoin Bull Jack Dorsey\u2019s Twitter Hack Is a Wakeup Call for Crypto Security"},"content":{"rendered":"

Yesterday, the CEO of Twitter and Square Inc., and staunch Bitcoin<\/a> and crypto supporter, Jack Dorsey, had his personal Twitter account hacked by the way of a SIM-swap attack and SMS-based backdoor.<\/p>\n

The hack demonstrates that even the CEO can have his own company\u2019s highly-valuable personal account compromised, and is a painful reminder that if it can happen to someone as high profile as Dorsey, it could happen to you too.<\/p>\n

Bitcoin Bull Jack Dorsey Falls Victim to Sim-Swap Hack, Twitter Account Compromised<\/h2>\n

Yesterday, the Twitter account of the social media platform\u2019s CEO – used often as an important bulletin board the company and soapbox for the outspoken executive – was hacked by a group of hackers calling themselves ChucklingSquad. The hackers had accessed the Twitter account and posted nonsensical notes, racial slurs, and \u201chello world\u201d style messages to prove that their cybercriminal prowess was able to achieve such a feat.<\/p>\n

Related Reading | Pro League of Legends Gamer Robbed of $200K in Crypto in Sim-Hack<\/a><\/strong><\/em><\/p>\n

And while Bitcoin<\/a> wasn\u2019t directly involved, Dorsey\u2019s account was comprised due to having been the victim of a SIM-card swap attack – a relatively new type of hack that has been increasingly targeting cryptocurrency holders. Jack Dorsey is among the world\u2019s most renowned Bitcoin bulls, using his Square Cash app to bring Bitcoin buying to the mainstream public and suggests that one day the crypto-asset would become the world\u2019s single global currency for the internet.<\/p>\n

As is the case with some high profile crypto investors<\/a>, the hackers were able to assign Dorsey’s phone number to a dummy phone. However, unique to this case, the number was then used to text message Twitter’s text-to-tweet service to send the offensive tweets.<\/p>\n

Others haven\u2019t been so lucky. In the past, angel investor Michael Terpin was the victim of a SIM-swap attack that resulted in $24 million in crypto being stolen. Later, Terpin filed a lawsuit against his mobile service carrier at the time<\/a> \u2013 AT&T \u2013 for their negligence and was awarded a $75.8 million victory in the case. AT&T is also Dorsey’s service provider, showing that there could be a connection somehow.<\/p>\n

More influential figures known for their involvement in crypto and Bitcoin have been the targets of similar attacks. Recently, a prominent eSports player was targeted<\/a> and shared the incident on his YouTube channel. The incidences are only increasing as cybercriminals continue to target crypto holders.<\/p>\n

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ATTENTION: If the CEO of Twitter can get his account hacked on his own platform, I promise your bitcoin is likely MUCH more vulnerable.<\/p>\n

Use two-factor authentication where ever possible.<\/p>\n

Get your bitcoin off exchanges.<\/p>\n

— Rhythm (@Rhythmtrader) August 30, 2019<\/a><\/p><\/blockquote>\n