Bitcoin stolen from twitter launder through BitBlender

“I am giving back to the community,” began a tweet sent out by a number of high-profile Twitter users including Elon Musk, Jeff Bezos, Bill Gates and former Vice President Joe Biden. And once inside accounts they made tweet of double your money scam and user sent in bitcoin to hacker wallet address.

The Bitcoin wallet listed in the tweets was soon receiving donations. Between 4PM ET, when the attack began, and 6PM ET, when Twitter locked down all verified accounts to deal with the crisis, more than $118,000 USD had been paid.

Dominik Schiener is co-founder of IOTA, a distributed ledger technology that enables feeless micropayments. He said that while people believe Bitcoin is anonymous, it is really, at best, pseudonymous, since you need a real identity to collect your money. Schiener said that the easiest way to launder Bitcoin is with a Mixing Service like “Bitcoin Blender

Essentially, the bitcoin blender takes funds from a variety of sources, both clean and dirty, and mixes them up. Then, it pays out small amounts — the Bitcoin equivalent of small change until youve got clean crypto .

Related articles

FBI (US Government) Uses Bitcoin Mixers

Over the last eight years, U.S. law enforcement has seized a great number of bitcoins and at one time, the Federal Bureau of Investigation (FBI) held one of the largest bitcoin wallets after the Silk […]

Learn More

Couple tried to launder $4.5B worth of stolen hacked Bitcoin from Bitfinex

Ilya Lichtenstein and Heather Morgan were arrested in New York and accused of laundering a record $4.5 billion worth of stolen cryptocurrency. In the 24 hours since, the cybersecurity world has ruthlessly mocked their operational […]

Learn More

Funds from South African exchange hack being ran through Bitcoin Blender

Cryptocurrency investors in South Africa may have lost nearly $3.6 billion in Bitcoin following the disappearance of two brothers associated with one of the country’s largest cryptocurrency exchanges. A law firm in Cape Town says […]

Learn More
Translate »