Bitcoin prices unfazed as major Twitter hijacking ripples through social media and digital currency community

Bitcoin prices on Wednesday night remained virtually unchanged, although unknown hackers immortalized a massive scam to lure bitcoins away from their owners.

Fraudsters were involved in a sprawling hack that jeopardized Twitter Inc.
TWTR,
+ 3.75%

Reports of a parade of high-profile individuals and organizations, including those from Tesla Inc.
TSLA,
+ 1.92%

CEOs Elon Musk and Berkshire Hathaway
BRK.A,
+ 0.26%

BRK.B,
+ 0.44%

Billionaire Warren Buffett. Hackers used the accounts to solicit Bitcoins from individuals by promising to double the amount sent to a Bitcoin wallet address. Former President Barack Obama's Twitter account was also a hacker, which underscores the breadth and sophistication of hacking (see an attached screenshot of the tweet).

Bitcoin
BTCUSD,
-0.17%
,
However, there was little significant movement as the value of the world's most popular digital currency fell 0.4% to $ 9,209.77 and futures for bitcoin trading in the CME group in electronic trading increased slightly thereafter by around 0.5% According to FactSet data, the June contract was $ 9,190.

In a statement on its platform, Twitter said it was "informed of a security incident on its platform." “We are investigating and taking steps to fix the problem. We will update all of them shortly. "

Bitcoin has a long history of hacking by perpetrators who want to flee other people's digital currencies. The cryptographic asset also has a history of people hacking bitcoin exchanges.

Last year, popular exchange platform Binance announced that hackers stole 7,000 bitcoins from a single digital wallet, for a total volume of around $ 40 million. According to a report by the Wall Street Journal.

Hacks were a major reason that many were careful about the future of the cryptocurrency that introduced the world to blockchain technology. According to the WSJ, more than $ 1.7 billion in Bitcoin has been publicly reported stolen since the coin was launched in 2009, including the historic mountain Gox Hack.

It is not clear if coins were lost in this episode, but some speculated that the culprit of this Twitter attack may have deposited $ 100,000 in coins into his account.

In the meantime, other cryptos that also promote blockchain ledger technology, the distinctive element of bitcoins, also showed little price movement.

Prices of ether, the currency that runs on the Ethereum
ETHUSD,
+ 0.15%

Platform, were 1% at $ 238.07 for XRP
XRPUSD,
-0.43%
,
The currency tied to Ripple fell 0.5% to trade at 19.7 cents.

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