Security News > 2024 > January > Hackers hijack govt and business accounts on X for crypto scams

Hackers are increasingly targeting verified accounts on X belonging to government and business profiles and marked with 'gold' and 'grey' checkmarks to promote cryptocurrency scams.

MalwareHunterTeam has been tracking this type of activity on X lately and reported several notable examples of compromised "Gold" and "Grey" accounts.

Only in the past couple of days, MHT has posted about the accounts of Canadian senator Amina Gerba, nonprofit consortium 'The Green Grid,' and Brazilian politician Ubiratan Sanderson falling in the hands of hackers.

While the promoted idea behind X's verification and paid subscription system is to increase "By several orders of magnitude" the cost and difficulty for impersonation and scams, gold and grey badge accounts have become targets for hackers and a commodity for cybercriminals.

A recent report from CloudSEK, a digital risk monitoring platform, highlights the emergence of a new black market where hackers sell compromised gold and grey X accounts for prices between $1,200 and $2,000.

Crypto scammers abuse Twitter 'feature' to impersonate high-profile accounts.

News URL

https://www.bleepingcomputer.com/news/security/hackers-hijack-govt-and-business-accounts-on-x-for-crypto-scams/