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

  • BRICS not fit to lead the world, analysis shows

    Description The BRICS alliance, originally touted as the emerging counterweight to Western powerhouses, seems to be revealing its limitations. Amid the typical hustle and bustle of global summits, the recent BRICS gathering in South Africa aimed to portray a façade of progress and unity. However, beneath the surface, the coalition appears to be grappling with existential … Read more The BRICS alliance, originally touted as the emerging counterweight to Western powerhouses, seems to be revealing its limitations. Amid the typical hustle and bustle of global summits, the recent BRICS gathering in South Africa aimed to portray a façade of progress and unity. However, beneath the surface, the coalition appears to be grappling with existential questions. Expansion: Strength or Weakness? The BRICS nations—Brazil, Russia, India, China, and South Africa—are contemplating expanding their ranks. Yet even such a foundational move is marred with disagreement. Brazil and India, two primary members, express reservations. Their apprehensions stem from the potential admission of nations that seem to orbit closer to China’s sphere of influence. An enlarged alliance doesn’t necessarily equate to a strengthened one. As…

    Article 2023年8月25日
  • Is de-dollarization the key to fairness on the global stage?

    TL;DR Breakdown Iran’s President Ebrahim Raisi advocates for de-dollarization to establish a fairer world order. At the SCO summit, Raisi argues that Western financial dominance undermines global trade and economic security. Iran’s full SCO membership could provide a platform for advocating its de-dollarization agenda. The global shift towards a diversified currency system could create a more equal global economic field. Description As the world’s political landscape continually shifts, the question of monetary dominance resonates on a global stage, particularly within the confines of the Shanghai Cooperation Organisation (SCO). The significant concern isn’t merely about the balance of power but, in particular, the argument for de-dollarization as a means to achieving a more balanced world order. Iran’s … Read more As the world’s political landscape continually shifts, the question of monetary dominance resonates on a global stage, particularly within the confines of the Shanghai Cooperation Organisation (SCO). The significant concern isn’t merely about the balance of power but, in particular, the argument for de-dollarization as a means to achieving a more balanced world order. Iran’s bid for a balanced financial world…

    Article 2023年7月8日
  • Apple’s rejection of Zeus Bitcoin wallet sparks controversy in crypto community

    TL;DR Breakdown Apple rejects the latest version of the non-custodial Bitcoin wallet Zeus, demanding proof of necessary licenses and permissions. The rejection follows Apple’s warning to another Bitcoin app, Damus, regarding its Bitcoin tipping feature. Critics question Apple’s classification of non-custodial wallets as money transmitters and call for consistent guidelines for crypto app developers. In a move that has garnered attention from the cryptocurrency community, Apple (AAPL) has rejected the latest version of the non-custodial Lightning Network-enabled Bitcoin wallet, Zeus. The rejection comes shortly after Apple’s warning to another Bitcoin-related app, Damus, suggesting the tech giant’s increased scrutiny of cryptocurrency apps on its platform. The decisions have sparked concerns among legal experts and industry figures, questioning Apple’s stance on crypto apps and the need for clearer regulatory guidelines. Apple’s rejection of Zeus, version 0.7.6, has stirred controversy in the crypto community. Founder Evan Kaloudis tweeted that Apple cited the app’s facilitation of virtual currency transmission without being submitted by a recognized financial institution or corresponding exchange. The tech behemoth demanded Zeus provide documentary evidence of the necessary licenses and permissions…

    Article 2023年6月18日
  • Asia’s crypto industry has been real busy this week

    Description It’s been a whirlwind of a week for the Asian crypto industry. Every time you think the cryptoverse has exhausted its supply of adrenaline-pumping news, Asia steps up to the plate and says, “Hold my beer.” From a Chinese official getting slapped with a life sentence to new explorations in Hong Kong’s digital currency realm, … Read more It’s been a whirlwind of a week for the Asian crypto industry. Every time you think the cryptoverse has exhausted its supply of adrenaline-pumping news, Asia steps up to the plate and says, “Hold my beer.” From a Chinese official getting slapped with a life sentence to new explorations in Hong Kong’s digital currency realm, let’s break it all down. Mainland China: Taking no prisoners in crypto world China’s making sure we remember where the line’s drawn. The China Court Network recently unraveled their stance on illegally acquired virtual currency. Depending on when the offense took place, you could find yourself neck-deep in some serious legal soup. Acquisitions before September 2017? They see your loot as property under criminal law. After…

    Article 2023年8月28日
  • UBS’s Credit Suisse rescue: The insane deal that broke records

    Description If you had told me a few months ago that UBS would pull off one of the most audacious deals in banking history, I might have laughed. But here we are. When UBS, Europe’s now second-most valuable bank, decided to swoop in and save the drowning Credit Suisse, many eyebrows shot up in surprise. Today, … Read more If you had told me a few months ago that UBS would pull off one of the most audacious deals in banking history, I might have laughed. But here we are. When UBS, Europe’s now second-most valuable bank, decided to swoop in and save the drowning Credit Suisse, many eyebrows shot up in surprise. Today, that daring move has made banking aficionados like me do a double take. Unpacking the Record-Setting Profits Let’s lay down the staggering numbers. UBS announced a jaw-dropping $29 billion gain from this state-sponsored takeover. That’s not just any profit; it’s a record-breaking quarterly profit for any bank on this side of the Atlantic. While UBS executives celebrate in their lavish boardrooms, one must wonder what was…

    Article 2023年9月2日
TOP