Bitboy Crypto’s Twitter account hacked, investors suffer losses

TL;DR Breakdown

  • Bitboy Crypto’s Twitter was compromised in a sim-swapping attack.
  • The attacker used phishing techniques to lure followers into giving control of their assets.
  • Bitboy Crypto, aka Ben Armstrong, confirmed the hack and warned followers via a YouTube video.
  • Armstrong focused on user security, advising followers not to link phone numbers to Gmail accounts.

The crypto community was abuzz with the recent breach of Bitboy Crypto’s Twitter account. The cyber invasion appears to have been a calculated sim-swapping attack that left a trail of devastation in its wake, wreaking havoc on the trust of investors.

The anatomy of the attack

The audacious infiltrator left no stone unturned in their efforts to exploit the situation, swiftly resorting to broadcasting links to a phishing website.

The trap was baited with an offer to claim a tantalizing $FCKSEC meme token, a devious ploy engineered to deceive Bitboy Crypto’s legion of unsuspecting followers.

The sinister invitation lured the users into signing a setApprovalForAll() transaction. This malevolent act essentially signed over control of their assets to the intruder, a masterstroke of deception.

Evidence of this nefarious act was seen in the surge in financial inflows to the attacker’s address, with an astonishing $760,000 accrued within the attack’s timeframe.

Bitboy’s response: Acknowledgement and caution

In response to the unsettling event, Bitboy Crypto’s alter-ego, Ben Armstrong, took to YouTube to express his dismay and advise his followers. Armstrong confirmed the hack and appealed to his followers not to interact with any suspicious links posted on his compromised Twitter account.

Furthermore, Armstrong lamented the propagation of a counterfeit token under his name, emphasizing his non-involvement with this scam.

Recalling a recent similar incident with John Deaton from Crypto Law, he expressed his suspicion that these cyber-attacks might be the work of the same culprit.

Amid the turmoil, Armstrong offered a reassuring perspective, expressing unwavering confidence in the swift recovery of his account. His faith is grounded in the fact that other victims of similar attacks had regained access to their hacked accounts.

However, his primary concern lies with the protection of his followers. Armstrong underlined the need to avoid clicking on the fraudulent link, as the primary goal of the hacker was to coerce people into transferring funds.

To further fortify followers, Armstrong shared insights on security best practices. He emphasized the need to avoid linking phone numbers to Gmail accounts as a precaution against the two-factor authentication hack.

Armstrong ended his response with a note of optimism. Despite the daunting challenge of the weekend intrusion, he expressed his hope for a swift resolution by Monday. His unyielding spirit shone through as he encouraged his followers to disregard the hacker and instead, focus on disseminating the news of the hack.

Armstrong’s composed response underlines the resilience of the Bitboy Crypto community. While the loss of his Twitter account is a significant blow, the community’s collective strength is a beacon of hope, encouraging vigilance and optimism in the face of adversity.

The recent attack on Bitboy Crypto’s Twitter account serves as a stark reminder of the importance of cybersecurity in our digital age. It is a call to action for all to remain vigilant, prioritize security practices, and stay alert to the ever-present risk of cyber threats.

You can watch Ben’s video below:

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Bitboy Crypto’s Twitter account hacked, investors suffer losses

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月14日 00:09
Next 2023年6月14日 01:35

Related articles

  • Bolivia turns to Chinese yuan for international settlements

    TL;DR Breakdown Bolivia’s Central Bank is now using the Chinese yuan for international settlements due to dollar scarcity. The country is executing transactions with the yuan even without Chinese banks in Bolivia. Plans are in place to establish Chinese banks in Bolivia to expedite transactions. Bolivia’s president advocates for de-dollarization and diversification of economic relations. Description Against a backdrop of dollar scarcity, Bolivia is making a groundbreaking pivot in its monetary policy. In a strategic move, the Bolivian Central Bank has started to harness the Chinese yuan for its international settlements. Marcelo Montenegro, Bolivia’s Economy Minister, validated this shift, citing dollar scarcity as a catalyst behind the need for a fresh … Read more Against a backdrop of dollar scarcity, Bolivia is making a groundbreaking pivot in its monetary policy. In a strategic move, the Bolivian Central Bank has started to harness the Chinese yuan for its international settlements. Marcelo Montenegro, Bolivia’s Economy Minister, validated this shift, citing dollar scarcity as a catalyst behind the need for a fresh approach. Chinese Yuan Gaining Ground in Bolivia’s Financial System Shaking up…

    Article 2023年7月29日
  • EAEU urges BRICS and SCO for joint digital currency use

    TL;DR Breakdown The Eurasian Economic Commission (EEC) Chairman, Mikhail Myasnikovich, has proposed that the BRICS nations, the Shanghai Cooperation Organization (SCO), and the Eurasian Economic Union (EAEU) adopt joint policies regarding digital currencies and develop a common payment card system. Myasnikovich’s call for collaboration was made during the second Eurasian Economic Forum in Moscow, underlining the growing importance of digital currencies in the global financial landscape. This proposal aligns with a broader trend among these nations towards increasing the use of national currencies for settlements, with nearly 80% of settlements within the EAEU already conducted using national currencies. In a strategic move aimed at furthering economic integration, Mikhail Myasnikovich, the Chairman of the Board of the Eurasian Economic Commission (EEC), has urged the BRICS nations, the Shanghai Cooperation Organization (SCO), and the Eurasian Economic Union (EAEU) to embrace the potential of digital currencies. Speaking at the second Eurasian Economic Forum in Moscow, Myasnikovich proposed a collaborative approach towards the use of digital currencies and the establishment of a unified payment card system. A common digital payment system: The next step…

    Article 2023年5月30日
  • Singapore Red Cross embraces crypto donations in partnership with Triple-A

    TL;DR Breakdown he Singapore Red Cross has partnered with Triple-A, a licensed crypto payment gateway, to accept cryptocurrency donations, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC). This initiative aims to reach tech-savvy donors and inspire the younger generation to support vulnerable populations, with all crypto donations being converted to fiat currency within one business day. The integration, which is already operational on the Singapore Red Cross website, signifies a progressive step in the intersection of philanthropy and digital finance, setting a precedent for global charitable entities. Description Singapore Red Cross, a renowned humanitarian organization, has taken a progressive step by incorporating cryptocurrency as an accepted form of donation. This initiative was launched on August 7 in collaboration with Triple-A, the inaugural crypto payment gateway licensed by the Monetary Authority of Singapore (MAS). This partnership was announced before Singapore’s National Day, marking a … Read more Singapore Red Cross, a renowned humanitarian organization, has taken a progressive step by incorporating cryptocurrency as an accepted form of donation. This initiative was launched on August 7 in collaboration with…

    Article 2023年8月8日
  • Investors dive into AI research following hype surge

    TL;DR Breakdown Investors are assessing potential risks as they delve deeper into the Artificial Intelligence (AI) sector following a hype surge. Diverse sectors like IT services, consultancy, media, education are under scrutiny to evaluate AI’s potential disruption. While AI has the potential to significantly boost profitability, it also poses challenges, including the necessity to overhaul business models. AI could lead to a slowing sales growth and share price underperformance, especially where growth hinges on workforce. Description The swift embrace of generative artificial intelligence (AI) has undoubtedly caused a stir in the market this year. After the initial wave of enthusiasm, investors are becoming increasingly cognizant of the potential risks, calling for a more refined approach in the selection of stocks. Diverse industries such as IT services, consultancy, media, information, and education … Read more The swift embrace of generative artificial intelligence (AI) has undoubtedly caused a stir in the market this year. After the initial wave of enthusiasm, investors are becoming increasingly cognizant of the potential risks, calling for a more refined approach in the selection of stocks. Diverse industries…

    Article 2023年6月29日
  • Tensions soar as U.S. accuses Chinese minister of this

    TL;DR Breakdown U.S. officials claim Chinese Defense Minister Li Shangfu is under investigation. Li has not been publicly seen for over two weeks, fueling suspicions. His disappearance follows the ousting of two generals from the People’s Liberation Army Rocket Force and the removal of Qin Gang as Chinese foreign minister. Description As diplomatic temperatures between the U.S. and China continue to simmer, the focus has now sharply turned to Defense Minister Li Shangfu of China. Under intense scrutiny and amidst hushed whispers, the official narrative is being questioned by high-ranking insiders from the U.S. These revelations have cast long shadows over Beijing’s corridors of power, hinting … Read more As diplomatic temperatures between the U.S. and China continue to simmer, the focus has now sharply turned to Defense Minister Li Shangfu of China. Under intense scrutiny and amidst hushed whispers, the official narrative is being questioned by high-ranking insiders from the U.S. These revelations have cast long shadows over Beijing’s corridors of power, hinting at the increasing instability and disorder within China’s top military and foreign policy echelons. The Mysterious…

    Article 2023年9月15日
TOP