The Twitter hackers asked famous persons’ followers to send Bitcoins to the hackers’ digital wallets.
(Photo: Daily Mail)
While the FBI has been successful in the past in tracking down the owners of other wallets (which are really just computer addresses where the cryptocurrency “resides,” it is still hard to trace.
The Wall Street Journal notes that the wallets of the Twitter scammers showed “400 transactions, with nearly 13 bitcoins, worth roughly $116,000, sent to it” probably by duped followers of celebrities like former President Obama and Elon Musk.
But most of that money had since been moved again.
The scammers are aware of tracking software and move the Bitcoin to and from multiple wallets to throw the trackers off the scent until they cash out the cryptocurrency on an exchange.
The exchanges have been notified and have blacklisted certain wallets but it’s possible that the transactions have slipped through the cracks.
https://www.wsj.com/articles/why-hackers-use-bitcoin-and-why-it-is-so-difficult-to-trace-11594931595
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