Remember the recent hack wherein multiple Twitter handles, primarily crypto exchanges and celebrities, were compromised and users lured in to send bitcoins to a particular wallet on the premise of receiving back double the amount? Three people, allegedly involved in the hack, have been arrested after tracing where the money moved to post the hack.

The FBI did not reveal the identities of the perpetrators but local media reports suggest the involvement of two teens from Florida and the UK respectively. Another 22-year old from Florida was involved in assisting them to perform the hack through phishing.

Twitter has released more details about how the hack was performed. Twitter tweeted, “targeted a small number of employees through a phone spear-phishing attack,” with a “significant and concerted attempt to mislead certain employees and exploit human vulnerabilities to gain access to our internal systems.”

A criminal does become lax at some point in time and leaves behind a trail. The phone phishing attack was untraceable but blockchain analysis tools were monitoring the bitcoin wallets. Finally, the criminals tried to cash out their bitcoins sending them into verified Coinbase accounts. FBI worked in close cooperation with cryptocurrency exchange Coinbase to find out the real identities with whom the wallet addresses were linked.


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