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Report: Hackers Leveraged Tesco’s Twitter Handle to Promote BTC with a “Bill Gates” Scam

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Tesco’s Twitter handle hacked

Tesco, the UK’s largest supermarket chain recently had its Twitter account hacked. The attackers that took over the account promoted a bitcoin (BTC) scam using it. An IT magazine published a report detailing the attack on June 25.

According to the report, Tesco lost control of its account and began claiming that it would give away free BTC in return for investments. The attackers seem to have taken a liking to Bill Gates, Microsoft’s founder. They used his avatar and changed Tesco’s account name to “Billgatesmsc.”

The handle lost its blue verification tick after the hacker changed its name. On top of this, the attacker started replying to customer complaints trying to get their private details. This change saw Tesco’s 550,000 followers tread with caution.

One tweet that Tesco has since deleted read,

Bitcoin is on the rise again! One day, it will without doubt replace fiat currencies. I’d like to give back to the community, therefore any bitcoin you send to this address, I will send back double! Comment your BTC address below when done.

However, the attackers’ efforts were in vain as the bitcoin address they provided did not receive any funds. Afterward, Tesco regained control of its handle and deleted all threads pumping the BTC scam. Up to now, it is still unclear how the hackers managed to access the account.

Scammers Return to the Crypto Sector as Prices Soar Once Again

The attacker timed this attack just as the crypto market continues setting new yearly highs. As at the time of writing, bitcoin (BTC) is trading at $12,523 according to data from Coinmarketcap. The majority of altcoins have also followed this positive trend. As a result, the crypto sector is getting positive media coverage once again. In turn, this coverage has captured the attention of the general public and scammers are preying on unsuspecting crypto holders.

Andreas Antonopoulos, the author of Mastering Bitcoin noted,

Prior to this attack, Sweden’s government was the most recent victim of a Twitter attack. In April this year, a hacker commandeered the Social Democrats Twitter account and tweeted that the country had changed its official currency to bitcoin (BTC).

The responsible individual went on an interview later on to explain their actions.

The hacker noted,

I simply think socialism is wrong. I have always had a “strong right” attitude and think that if you can’t earn your own money then you are just lazy,

Do you think the general public is well educated on what to look out for when making a crypto investment to avoid being scammed? Let us know in the comments section below.

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