Twitter “EMBARRASSED” By Massive, Avoidable Bitcoin Scam Hack

( Social media giant Twitter has revealed its embarrassment over the recent hack that saw hundreds of high-profile accounts compromised for a Bitcoin scam. More than 130 profiles were taken control of by Bitcoin scammers, with messages published to millions of followers telling them to send Bitcoin to a wallet in order to receive twice the amount back.

Some reports suggest that the Bitcoin scammers got away with more than $100,000 from duped followers, leaving Twitter “embarrassed” and “disappointed” by the hack.

According to NBC 4 New York, the platform has published expressed its disappointment over the major hacking scandal in a blog post on Saturday.

The post, titled “An update on our security incident,” Twitter said laid out the most recent information about the hack.

“The attackers successfully manipulated a small number of employees and used their credentials to access Twitter’s internal systems, including getting through our two-factor protections,” Twitter said. “As of now, we know that they accessed tools only available to our internal support teams to target 130 Twitter accounts.”

The platform explained that they are “acutely aware” of their responsibilities to the people who use their services, and as a result, they will be taking four steps over the next week to resolve the issue. These include restoring access for all account owners that were locked out when Twitter began remedying the issue and continuing their investigation of the hack.

Twitter also committed to “further securing” their systems to prevent any future attacks, and to start “company-wide training to guard against social engineering tactics to supplement the training employees receive during onboarding and ongoing phishing exercises throughout the year.”

According to Forbes, efforts taken by Bitcoin wallets and platforms prevented the hackers raking in many more hundreds of thousands of dollars. Coinbase, the largest cryptocurrency exchange in the United States, said that they prevented more than 1,100 transactions to the hackers that would have been worth 30.4 Bitcoin. At current rates, that would be almost $300,000.

Twitter said that they will work to regain the trust of their users and “will support all efforts to bring the perpetrators to justice.”