Justin Sun, from TRON and BitTorrent, offered $ 1 million in reward to anyone who successfully tracked who is behind the Twitter hack.
It’s not common for the world of technology, cryptography, politics and celebrity to converge, but that’s exactly what happened on July 15, after a bitcoin pickup scam replicated on dozens of major Twitter accounts. From billionaires to entrepreneurs, and from cryptocurrency traders to exchanges, high-profile accounts of all kinds were used in an audacious hack that turned Twitter upside down.
Names like Binance, Coinbase, Kanye West, Elon Musk, Joe Biden, Jeff Bezos and Warren Buffet had their accounts hacked and shared an “offer” that promised to double the BTC of anyone sending bitcoin to a specific address.
As we reported, the account of TRON founder Justin Sun was also hacked in the attack. Now Justin Sun wants to find the culprits for the hack on Twitter, offering a $ 1 million reward for information leading to his identification.
In a message tweeted by BitTorrent, whose account was not affected by the hack, Sun promised “to personally pay those who successfully track and provide evidence to bring justice, the hackers / people behind this scam that affected the crypto community”.
TRON Founder & CEO of @BitTorrent, Justin Sun is putting out a Bounty for the hackers in the amount of $ 1 million.
He will personally pay those who successfully track down, and provide evidence for bringing to justice, the hackers / people behind this hack affecting our community.
– BitTorrent Inc. (@BitTorrent) July 15, 2020
“Founder of TRON and CEO of @BitTorrent, Justin Sun is offering a $ 1 million reward for hackers.
He will personally pay anyone who successfully tracks and provides evidence to bring the hackers / people behind this hack that affected our community to justice. ”
Where did this hack come from?
The first signs suggest that the Twitter hack is the work of someone inside – potentially a dishonest employee with access to a dashboard used to control the accounts of influential users. Access to these accounts is heavily controlled by Twitter.
Whatever the source of the attack, it generated headlines around the world, while generating a terrible image for Bitcoin. Although the hack is not directly connected to the Bitcoin protocol, the attackers requested payment in BTC.
As a result, many bitcoin holders ended up losing money in the expectation of receiving twice as much in return.
Celebrities in the crosshairs
Many of the celebrity accounts involved in this hack have been suspended by Twitter. Justin Sun and the TRON Foundation also saw their accounts temporarily suspended after the attack, along with Gemini, KuCoin, Bitfinex, Ripple and Cash App.
Sun’s decision to issue a million-dollar reward for identifying hackers appears to have been born out of a desire to rescue the industry’s reputation. The founder of TRON had lunch with Warren Buffet, whose Twitter account was among those compromised, and Sun seems eager to send a message that the crypto community will not tolerate scammers.
There is evidence that the attack started with the account of crypto trader AngeloBTC, before spreading to larger accounts, such as Binance. In a statement, Justin Sun said:
“We are working closely with Twitter to resolve this issue immediately and return our accounts to normal. We are always vigilant when dealing with our accounts; operating safely and responsibly – taking the security of our accounts to the highest possible standards. “
He added: “This just further clarifies the urgent need for our society to adopt decentralized software and services.”