• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
TechEngage

TechEngage®

Hands-on reviews, research-backed buying guides and technology news.

  • News
    • Internet & Social
    • Gadgets
    • Car Tech
    • Business
    • Science & Health
  • Reviews
  • Buying Guides
  • How-to
  • AI
  • Computing
    • Apps
    • Security
    • Gaming
  • More
    • Tools
    • Puzzles
    • Mobile
  • Launchpad
  • Sign in
TechEngage » Business & Fintech

The mystery behind Twitter Bitcoin scams has been solved

News

Avatar for Fazeel Ashraf Fazeel Ashraf Follow Fazeel Ashraf on X Published: Nov 18, 2018 · 1:57 PM ET Updated: Jul 16, 2022 · 3:01 PM ET

twitter explains bitcoin scam
Share1FacebookTweetPinLinkedInPrint

It looks like all the mysterious bitcoins that were going on on Twitter for the past few days have been solved. The company has revealed a third party software company is behind these mishaps.

A spokesperson from Twitter confirmed this news to TNW. The hackers exploited a third party marketing software to create fake giveaways.

Google and Target were among the affectees. So it was a public relations problem for those two companies as well.

Twitter has not named the company responsible for the security loophole. But it is working hard to ensure something like this never happens again.

Target initially made a statement that its main Twitter account had been accessed by the hackers, but the company retracted this statement possibly due to these revelations.

Target was deeply concerned because the company has two million followers on Twitter. Any number of its followers getting hacked would have led to possible legal action against the supermarket chain.

Target was quick to make amends about its statement after realizing what had happened. The company later told TNW that it wasn’t their Twitter account that got hacked rather a third party marketing app had gotten hacked.

The marketing app had access to Target’s account which is why the hackers were able to hack into the supermarket giant’s account. This explains how this scam was able to take place at such a large level and with such a well-executed manner.

Twitter was already working closely with every account that got affected. As luck would have it Google’s g suite account got hacked as well.

There have been so many similar incidents in the past. Since many major social networks give access to third-party apps, many hackers look to exploit these apps. Facebook had been involved in the mega fiasco of close to 50 million accounts being hacked.

It was believed that the hack was due to a third party extension loophole. But Facebook later commented that the hack wasn’t due to a third party security flaw.

So it seems like there could be more to this news than we had first thought. Twitter was severely under pressure since the last few days because it did not have an immediate solution to these scams. But it looks like the answer has been presented to us to judge.

And judge we shall. Regardless, we need to be more aware of such security flaws and keep our passwords separate for email and every social media network.

Something incorrect? Report an error in this article. Include a source if you have one; your name and email are optional.

Filed Under: Business & Fintech, Tech News & Analysis Tagged With: Bitcoin, News, Twitter

Related Stories

  • Googlebook Shows How Android 17 And Gemini Intelligence Could Reshape Google’S Ecosystem

    Googlebook Shows How Android 17 and Gemini Intelligence Could Reshape Google’s Ecosystem

    AIMay 16, 2026

  • Akamai’s $11.6 Billion Anthropic Cloud Deal: Costs, Timeline And Cpu Strategy

    Akamai’s $11.6 billion Anthropic cloud deal: costs, timeline and CPU strategy

    Tech News & AnalysisSep 27, 2026

  • Openai Pauses Advanced-Model Research After Agent Bypasses Network Restrictions

    OpenAI pauses advanced-model research after agent bypasses network restrictions

    Tech News & AnalysisSep 27, 2026

Stay on top of technology

Get TechEngage reviews, buying guides and news in your feed.

Follow on Google News
Share1FacebookTweetPinLinkedInPrint
Avatar for Fazeel Ashraf

Fazeel Ashraf

Tech & Gaming Editor

Fazeel Ashraf is the Tech and Gaming Editor at TechEngage, covering global tech news, social media, gaming releases, and cybersecurity. An IT graduate of the National University of Sciences and Technology, he has written more than 230 articles across the site's news and features coverage.

Joined TechEngage September 2018First article on TechEngage September 2018

Reader Interactions

Share Your Thoughts Cancel reply

Please read our comment policy before submitting your comment. Your email address will not be used or published anywhere. You will only receive comment notifications if you opt to subscribe below.

Primary Sidebar

Google News

Get TechEngage in your feed

Reviews, news, and buying guides as they publish.

Follow on Google News

Recent Stories

  • Usb C Power Meters Techengage |
    Computing & HardwareBest USB-C Power Meters for Chargers and CablesSep 28, 2026
  • Akamai Anthropic Cloud Techengage |
    Tech News & AnalysisAkamai’s $11.6 billion Anthropic cloud deal: costs, timeline and CPU strategySep 27, 2026
  • Openai Agent Dns Incident Techengage |
    Tech News & AnalysisOpenAI pauses advanced-model research after agent bypasses network restrictionsSep 27, 2026
  • Ai Markets Feat |
    AIThree CEOs Asked to Slow Down. The President Said No and the Market Fell 3 Percent. Hassan Taher on What Actually Happened.Sep 21, 2026
  • Iphone 18 Pro Availability Sept 18 |
    Tech News & AnalysisiPhone 18 Pro and Pro Max Available Today in 65+ CountriesSep 18, 2026

More in Business & Fintech

  • App Developer Woman Jpg |
    How to Make an App Without Experience: A Practical GuideJun 10, 2023
  • Blog13 Jpg |
    Technology Blogs for Guest Posting: 35 Publications Open to WritersMay 20, 2023
  • Crypto Investment Mistakes Jpg |
    Common mistakes new crypto investors makeMar 1, 2023
  • Bitcoin Success Stories |
    Top Bitcoin Billionaires and Their Success StoriesJun 30, 2022
More Business & Fintech stories →

Footer

Discover

  • About TechEngage
  • Company News & Updates
  • Our Team
  • Advertise
  • Send us a tip
  • Submit your company to TechEngage Launchpad Hot
  • TechEngage Brand Kit
  • Contact us
  • Tools & Calculators

Legal pages

  • Editorial Standards
  • Reviews Policy
  • Our Ethics
  • Corrections Policy
  • Affiliate Disclosure
  • Privacy Policy
  • Cookies Policy
  • Terms & Conditions
  • GDPR Compliance
  • Copyright & DMCA

Must reads

  • Best Mechanical Keyboards Under $100
  • Best USB-C Hubs
  • Best Portable SSDs
  • Best Gaming Graphics Cards (GPUs)
  • Best Long-Range Outdoor WiFi Extenders
  • Best Wireless CarPlay Adapters
  • Best Slack Alternatives
  • Best Long-Range Walkie-Talkies

Download our apps

TechEngage app coming soon on App Store

© 2026 TechEngage®. All Rights Reserved. TechEngage® is a project of TechAbout LLC.

TechEngage® is a registered trademark in the United States under Trademark Number 6823709 and in the United Kingdom under Trademark Number UK00003417167. It is also ISSN protected under ISSN 2690-3776 and has OCLC Number 1139335774.

Contact team@techengage.com · WhatsApp +1-307-381-8801

Your analytics choice
Allow Google Analytics to help us understand readership? You can use the site without it and change this choice anytime.

Privacy details