The Twitter feeds of a U.S. congressman from New Jersey were among those hit by hackers in a new wave of an old scheme: a bitcoin (BTC) giveaway purporting to be from Elon Musk.

Back in August, the Tesla founder’s own feed was used for the giveaway scam, which promises to send large amounts of bitcoin to any users who send small amounts first. This time the hackers took over the feeds of, among others, Rep. Frank Pellone, D-N.J., Pantheon Books and Pathe Film. Estimated take from the unwary: about $176,000, according to CoinDesk.

How did they get away with it? Hackers used Musk’s profile picture and retweeted some of his tweets to make the compromised sites look like they were legitimately promoting “Musk’s” giveaway. Some accounts also pinned the bitcoin giveaway tweet.

The tweets stated participants had to verify themselves by sending 0.1 – 3 bitcoin to a particular wallet address and, on receipt, they would get anywhere between 1 and 20 bitcoin. Read more here.

ThirtyK Staff
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