Twitter Hackers Sent Money to Coinbase and BitPay Wallets

It has been discovered that those who hacked the twitter accounts sent money to accounts registered on BitPay and Coinbase.

Those behind the Twitter account hack that began yesterday appear to have accumulated their funds in a wallet that sent money to accounts registered on Coinbase and BitPay.

Whitestream made a research and discovered that a BTC address of the “1Ai5” variety had sent funds to three accounts provided by Coinbase and BitPay. However, the recipient accounts are said to belong to merchants. The hackers converted the first address they offered into Bech32 address.

The original address got 14.75 BTC (about $135,500). It was the address presented to those who expected to get the giveaways.

It is said that three payments  were sent to accounts on Coinbase and BitPay. The account on Coinbase received 1.2 BTC in May 2020 while the other two transactions which took place two days later carried lower amounts.

The transactions that took place after the first one looked more advanced. This made tracing it more demanding than the first.

Whitestream discovered that the smaller amount (that is the first transaction) was sent to the account registered on BitPay while the latter two were linked to Coinbase wallets.

The companies may be able to trace the hackers’ address but the problem is that they were linked to merchants. This increases the challenge of locating them.

Detectives are also trying o find out why the hackers gave out an old address for the operation. More so, considering the fact that there was up to $11,000 in the account before they started hacking, the detectives do not know why the hackers decided to commit the illegal act when they could have made more money by leveraging on their $11,000.

Twitter employees affected

It was announced yesterday that several Twitter accounts belonging to notable figures in the society were hacked. They were used to beckon on unsuspecting people to get double of whatever they would contribute.

Twitter said the hackers first succeeded in getting the login details of its employees that had access to Twitter’s account. The hackers then altered the passwords and recovery emails of the employees’ accounts through the admin panel.

Something like this happened on BlockFi in May when hackers banked on a SIM swap attack to steal clients’ information.

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