{"id":193085,"date":"2018-11-14T00:00:37","date_gmt":"2018-11-14T05:00:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/news\/target-twitter-account-hacked-by-bitcoin-scammers\/193085"},"modified":"2021-07-25T06:20:56","modified_gmt":"2021-07-25T10:20:56","slug":"target-twitter-account-hacked-by-bitcoin-scammers","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/target-twitter-account-hacked-by-bitcoin-scammers","title":{"rendered":"Target Twitter Account Hacked by Bitcoin Scammers"},"content":{"rendered":"
\"\"<\/div>\n

A recent hack involving the Twitter of retailer Target has wise investors doubling down on too-good-to-be-true offers.<\/strong><\/p>\n

\n

Target Becomes the Target <\/b><\/h2>\n

The cryptocurrency community is no stranger to hacks and scams and most hodlers are wise enough to steer clear of too-good-to-be-true ICOs and The Real Real Elon Musk #GivingAwayFreeETH Twitter scams. In spite of this, hackers remain undeterred and numerous get rich quick schemes and all sorts of scams continue to proliferate on the internet.<\/p>\n

The most recent of these involves American retail giant Target and it\u2019s official Twitter account. The company was recently the victim of a somewhat obvious scam but nonetheless, there are surely a few innocent doo-gooders who fall for these blatant schemes.<\/p>\n

Apparently, the scammers hacked into Target\u2019s official Twitter account to promote a Bitcoin giveaway. After co-opting the account, the hackers falsely posted that Target was introducing cryptocurrency payments online and instore and to celebrate the event the company would give away 5,000 Bitcoin.<\/p>\n

\"Robinhood<\/h2>\n

Buy One Get Three Free!<\/b><\/h2>\n

In order to enlist in the crypto-raffle, participants were asked to verify their BTC address by sending up to 2 BTC in order to enter a raffle to win up to 40 BTC in return. The post also mentioned that participants who sent 1.00 BTC would get an additional 200% back. Twitter did confirm that Target\u2019s official account was compromised for a brief period of time, and reinforced that impersonating another user is a direct violation of Twitter policy.\u00a0Target has nearly two million Twitter followers and it quickly deleted the tweet without issuing a statement.<\/p>\n

Since 2017\u2019s explosion in cryptocurrency awareness, Bitcoin and\u00a0Ethereum scams have become something of a routine affair on Twitter. The number of figures like Vitalik Buterin\u00a0and Elon <\/a>Musk giving away ETH has led the real owners of these accounts to tag #NotGivingAwayETH\u00a0or #NotGivingAwayBTC to their Twitter accounts.<\/p>\n

\"Hack\"<\/p>\n

Don\u2019t Knock the Hustle<\/b><\/h2>\n

Twitter has taken measures to prevent crypto-scams,<\/a> yet scammers now resort to hacking into verified accounts and posting Bitcoin and Ethereum giveaways. As reported previously<\/a> by Bitcoinist<\/em>, crypto-giveaway scams are surprisingly lucrative and a recent interview with a \u2018professional\u2019 scammer revealed that this simple scams typically net $50,000 \u2013 $100,000 per day.<\/p>\n

Should Twitter do more to prevent these type of hacks from occurring\u00a0or is it up to an investor\u2019s own recognizance to differentiate a scam from an investment opportunity? Share your thoughts in the comments below.<\/strong><\/em><\/p>\n

\n

Images courtesy of Shutterstock.<\/em><\/p>\n

The post Target Twitter Account Hacked by Bitcoin Scammers<\/a> appeared first on Bitcoinist.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A recent hack involving the Twitter of retailer Target has wise investors doubling down on too-good-to-be-true offers. Target Becomes the Target The cryptocurrency community is […]<\/a><\/div>","protected":false},"author":1150,"featured_media":193090,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-193085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"\nTarget Twitter Account Hacked by Bitcoin Scammers - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Scammers hacked into Target\u2019s Twitter account to promote a Bitcoin giveaway. 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