British Soldier Twitter And Yotube Hacked 2 Times, Used For Crypto Scam. A hacker took over the British Army’s social media accounts and used them to commit crypto scams. The social media account was hacked on Sunday, July 3, 2022 local time.
Until now, the identity of the hacker is unknown. At the time of the hack, the British army’s Twitter account name was changed to “pssssd,” and its profile and banner image was changed to resemble an NFT collection called “The Possessed”.
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Previously, The Possessed’s official Twitter account warned users about irresponsible people creating accounts to cheat by impersonating The Possessed’s NFT collection.
On the same day of the hack, the name of the British army’s Twitter account was again changed to “Bapesclan”, another name for the NFT collection. As for the banner image, it was changed to a cartoon monkey with clown makeup. Hackers have also started retweeting posts promoting the NFT giveaway scheme.
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British Soldier Twitter And Yotube Hacked 2 Times, Used For Crypto Scam. The British military’s YouTube account name was changed to “Ark Invest,” investment firm Tesla and bitcoin bull Cathie Wood. Hackers removed all of the account’s videos and replaced them with live streams of old clips taken from conversations with Elon Musk and Twitter co-founder Jack Dorsey about Ark-hosted bitcoin in July 2021.
A text was added to the live stream directing users to a crypto scam site. However, the British army’s social media accounts have finally been secured.
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“The Army Twitter and YouTube account breaches that occurred earlier today have been resolved and an investigation is ongoing,” the UK Ministry of Defense tweeted.
“The Army takes information security very seriously and until their investigation is complete, it is inappropriate to comment further,” the announcement continued.
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A British Conservative MP, Tobias Ellwood, chair of the defense committee in Parliament, said the breach “appears to be serious.”
“I hope that the results of the investigation and the actions taken will be appropriately shared,” Ellwood said.
This is not the first time high-profile social media accounts have been exploited by hackers to promote crypto scams. In 2020, the Twitter accounts of Musk, President Joe Biden and many others were taken over to scam their bitcoin followers.
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Previously, Terraform Labs and Luna Foundation Guard (LFG) were alleged to have manipulated prices using billions of stablecoins, according to a recent report.
British Soldier Twitter And Yotube Hacked 2 Times, Used For Crypto Scam. Blockchain security firm Uppsala Security and CoinDesk Korea jointly conducted an investigation into the flow of funds, publishing research findings suggesting illicit activity may have occurred by the two companies Terraform Labs and LFG.
Both parties used on-chain data forensics techniques to study how Terraform Labs and LFG moved funds. It lists four different addresses as very important and shows how Terra USD (UST) was exchanged for Magic Internet Money (MIM) and eventually became Tether (USDT).
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The first wallet, called “exchange wallet A,” was used to convert over three billion UST in MIM and then USDT. Distribution wallet A was used to transfer about 2.36 billion UST to exchange wallet, while “exchange wallet A” received more than 1 billion USDT from exchange wallet A.
The point of this report is that this wallet is used to send funds to both centralized and decentralized exchanges including Abracadabra, Binance, and Curve. The movement of this secret fund raised suspicion, and now the public must investigate further to see how suspicious it is.
Terraform Labs is already under siege with several investigations. South Korean authorities are investigating the company and Do Kwon, while the United States Securities and Exchange Commission is also conducting its own investigation.
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British Soldier Twitter And Yotube Hacked 2 Times, Used For Crypto Scam. The Uppsala Security report does not explicitly state any manipulation or money laundering. The report reads “For what purpose is this large amount of USDT created, and what ends up happening to this USDT being deposited into this exchange account?”.
“Unfortunately, this is not something we can answer for, as all we can provide are facts based on on-chain data,” the report said.
However, if Terraform Labs and LFG do engage in illicit activities with the funds, then the problem could get worse. In addition, accusations against Do Kwon also surfaced, alleging he cashed USD 2.7 billion from Terra.
