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

TechEngage®

Technology Reviews, Guides & Analysis

  • News
  • AI
  • Mobile
  • Apps
  • Security
  • Reviews
  • More
    • Internet & Social
    • Computing
    • Gadgets
    • Gaming
    • Car Tech
    • Business
    • Science & Health
TechEngage » Business & Fintech

The mystery behind Twitter Bitcoin scams has been solved

Avatar for Fazeel Ashraf Fazeel Ashraf Follow Fazeel Ashraf on Twitter Published: November 18, 2018 Updated: July 16, 2022

twitter explains bitcoin scam
FacebookTweetPinLinkedInPrint

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.

Filed Under: Business & Fintech 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

  • How Fiverr Can Help Someone Scale Up Their Ecommerce Business

    How Fiverr can help someone scale up their eCommerce business

    Business & FintechMar 12, 2024

  • How To Make An App Without Experience: A Practical Guide

    How to Make an App Without Experience: A Practical Guide

    Business & FintechJun 10, 2023

FacebookTweetPinLinkedInPrint
Avatar for Fazeel Ashraf

Fazeel Ashraf

Tech & Gaming Editor

Fazeel Ashraf is the Tech and Gaming Editor at TechEngage, covering everything from global tech news and social media shifts to gaming releases and cybersecurity threats. An IT graduate from the National University of Science and Technology, Fazeel brings analytical depth to over 230 articles. Off the clock, he plays classic rock on his electric guitar and watches horror films.

Joined 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

Follow us on Google News

Recent Stories

  • Tesla Roadster October 1 Reveal Waco |
    Mobility & Car TechTesla Sets October 1 Roadster Reveal in Waco, Invites Reservation HoldersSep 14, 2026
  • Best Portable Ssds 2026 |
    Reviews & Buying GuidesBest Portable SSDs: 8 Tested Picks for Speed, Travel, and ValueSep 11, 2026
  • Feat |
    Tech News & AnalysisGoogle Launches Gemini Desktop App for Windows With Alt+Space ShortcutSep 11, 2026
  • Ost To Pst Og En |
    Apps & SoftwareStellar Converter for OST Review: Online and Desktop Tools, TestedAug 21, 2026
  • Googlebook Gemini Android 17 Featured 3 |
    AIGooglebook Shows How Android 17 and Gemini Intelligence Could Reshape Google’s EcosystemMay 16, 2026

More in Business & Fintech

  • Word Image 82469 1 Jpeg |
    Business & FintechFintech Marketing in 2026: Trends, Ideas, and StrategiesMar 17, 2023
  • Crypto Investment Mistakes Jpg |
    Business & FintechCommon mistakes new crypto investors makeMar 1, 2023
  • Bitcoin Success Stories |
    Business & FintechTop Bitcoin Billionaires and Their Success StoriesJun 30, 2022
  • Why Bitcoins Value So Volatile Final 110C76C64D2C4F38B08A1376C46C117C |
    Business & FintechTop Reasons for Bitcoin VolatilityJun 30, 2022
More Business & Fintech stories →

How we work

Editorial standards, testing methodology, corrections and how to reach the newsroom.

  • About TechEngage
  • Meet the team
  • Our ethics
  • Corrections policy
  • How we test and review
  • Send us a tip
  • Contact the newsroom

Footer

Discover

  • About TechEngage
  • Newsroom
  • Our Team
  • Advertise
  • Send us a tip
  • Startup Submission Questionnaire
  • TechEngage Brand Kit
  • Contact us

Legal pages

  • Reviews Guarantee & Methodology
  • Community Guidelines
  • Corrections Policy and Practice
  • Cookies Policy
  • Our Ethics
  • Disclaimer
  • GDPR Compliance
  • Privacy Policy
  • Terms and Conditions

Must reads

  • Best AirPods alternatives on Amazon
  • Best PC monitors for gaming on Amazon
  • Best family board games
  • Best video doorbells without subscription
  • Best handheld video game consoles
  • Best all-season tires for snow
  • Best mobile Wi-Fi hotspots
  • Best treadmills on Amazon

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.