Twitter Cryptocurrency Scam Echoes Previous Schemes on YouTube

The Bitcoin scam that hackers deployed while breaking into the Twitter Inc. accounts of political leaders and business titans last week closely resembles similar schemes used previously on YouTube.

In the July 15 Twitter attack, hackers hijacked accounts belonging to Barack Obama, Elon Musk, Joe Biden and Jeff Bezos and asked their followers to send Bitcoins to their crypto wallet with a promise to double the amount. In a matter of hours, the hackers had accrued more than $100,000.

But before compromising those accounts, the hackers targeted the Twitter accounts of popular cryptocurrency exchanges, such as Coinbase Inc. ...