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Twitter regains management after distinguished accounts have been kidnapped to tweet Bitcoin scams

Twitter Inc.'s accounts, which include top U.S. executives, lawmakers and celebrities, were compromised on Wednesday and appeared to be used to remove Bitcoin from their social media followers until the company took control of it hours later recaptured his website.

After reports reportedly kidnapped a number of Twitter accounts related to cryptocurrency on Wednesday afternoon, Tesla Inc.
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+ 1.92%
Chief Executive Elon Musk – with more than 36 million Twitter followers who have been repeatedly attacked by potential Bitcoin fraudsters on the service – tweeted a request to send Bitcoin to him shortly after the day's trading session ended.

From there, the list of vulnerable Twitter accounts became a real who's who of the service in real time. Microsoft Corp.
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-0.14%
Founder Bill Gates, Democratic presidential candidate Joe Biden and former President Barack Obama of Apple Inc.
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never used corporate account, Berkshire Hathaway Inc.
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+ 0.26%
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+ 0.44%
Warren Buffett, founder and CEO of Amazon.com Inc ..
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Jeff Bezos and musician Kanye West all tweeted a similar message.

Twitter waited an hour and a half to make a public statement, and then prevented verified users of the website from posting, while other activities across the website were stopped when the engineers tried to regain control. Finally, Twitter's support team said they were "working to get things back to normal" on Wednesday night.

CEO Jack Dorsey tweeted for the first time during the ordeal after 6 p.m. Pacific time, about five hours after Musk's account originally tweeted the Bitcoin message. Dorsey – who also runs Square Inc.
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+ 0.79%
, which facilitates the transfer of some cryptocurrencies – said Twitter was still "diagnosing" the attack.

Twitter shares
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+ 3.75%
dropped more than 4% after hours and ended the extended session 3.6% after closing at $ 35.67. A decline of that magnitude would wipe more than $ 1 billion from Twitter's market cap.

According to CoinDesk, Twitter accounts for cryptocurrencies and crypto-influencers such as Gemini, Binance, KuCoin, Coinbase, Charlie Lee from Litecoin, Justin Sun from Tron, Bitcoin, Bitfinex, Ripple, Cash App and CoinDesk have also been compromised. BitTorrent also confirmed the hacks and said it was working with Twitter to get its accounts back to normal.

While the Twitter shares fell, the fiasco did not affect Bitcoin prices. Bitcoin futures from Wednesday evening
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-0.23%
decreased only 0.1% to approximately $ 9,200. It's not clear whether bitcoins have been lost in the scam, but some have speculated that the perpetrator of the Twitter attack may have sent $ 100,000 in coins to his account.

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