Bitcoin scam hacks Twitter accounts of Obama, Biden, Bill Gates and others

Axios logoA number of prominent Twitter accounts, including those of Joe Biden, Barack Obama, Bill Gates and Elon Musk, appear to have been compromised Wednesday, posting messages tied to a cryptocurrency scam.

The latest: Twitter temporarily disabled all verified accounts from tweeting for several accounts. At about 8:45 pm ET, Twitter said in a statement: “Most accounts should be able to Tweet again. As we continue working on a fix, this functionality may come and go. We’re working to get things back to normal as quickly as possible.”

Why it matters: Twitter has become a key source of communication, and people generally assume the content posted by an account is from the person who owns the account, increasing the likelihood of a scam being successful. Continue reading.