The British Army’s Social Media Accounts Hacked to Promote Bitcoin Giveaways, Crypto Scams – Featured Bitcoin News

by James · July 4, 2022

The British Army’s official Youtube and Twitter accounts were compromised on Sunday, and hackers used them to promote crypto, including fraud with bitcoin and ether with Tesla boss Elon Musk.

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The British Army’s social media accounts are used to market Bitcoin, Crypto, NFT scams

The British army confirmed on Sunday that its official Youtube and Twitter accounts had been broken.

The Army’s verified Twitter handle with nearly 363,000 followers retweeted a series of posts promoting non-fungible token (NFT) scams before being removed by Twitter. During the breach, the account name, profile picture and banner picture were changed to look like NFT collections.

Meanwhile, the Army’s Youtube account, which has 177,000 subscribers, was renamed “Ark Invest” and four live videos promoting bitcoin and ether scams were uploaded to the account. The scammers announced that for every bitcoin or ether sent to them, you will receive twice as much in return. The videos featured Tesla CEO Elon Musk, former Twitter CEO Jack Dorsey and Ark Invest CEO Cathie Wood.

Four videos uploaded to the British Army’s Youtube account. Source: Youtube

Scammers often use public figures and celebrities to promote their cryptocurrency scams, especially bitcoin and ether gifts.

In addition to Musk, Dorsey and Wood, other celebrities who have been featured in crypto fraud include Microsoft founder Bill Gates, Berkshire Hathaway’s Warren Buffett and Apple co-founder Steve Wozniak.

In June, the US Federal Trade Commission (FTC) revealed that more than 46,000 people reported having lost over $ 1 billion in cryptocurrencies due to fraud since the beginning of last year.

The spokesman for the British Army was quoted by Reuters as saying: “We take information security extremely seriously and solve the problem. Until the investigation is complete, it will be inappropriate to comment further. “

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What do you think about hackers taking over the British Army’s accounts on social media to promote crypto fraud? Let us know in the comments section below.

Kevin Helms

An Austrian economics student, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.