Topic: Tron's Justin Sun Offers $1 Million Bounty For Twitter Hackers (Read 631 times)
There may be a way to find the hacker.But he himself and a brand token.Its owner so I think.It could be a means of promoting his own tokens.But whatever the tie, I think it's a propaganda medium.
I really like justin and his projects but pulling up $1m bounty to get twitter hackers seems like publicity stunts to me but then again, history shows justin is always against hack activities as he once tried to offer cz_binance some funds to increase liquidity during binance hack which cz delimed. So it might be just in his nature to always advocates againt fraud
Justin Sun has be a good fellow to the community, but his shitcoin isn't encouraging to hold. His moved has proven once again that he hate hacks and evil but still love his shitcoin. The bounty shouldn't be an issue because his not good at keeping promise. Those hackers can't be found because of the type of hack they carried out. He should keep the $1m bounty and use that for the pump of his shitcoin that am holding.
This is a sure way to get the hackers, I'm sure everyone that have a good lead now will be willing to give them up. Thieves and cyber criminal ought to be well prosecuted to stop the aspiring ones from stealing people's hard earned money. I can't help but thanks Justin Sun for his numerous benevolent works through making crypto space a better industry
Nope, sorry, still have zero trust both in Sun's words and aspirations
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Justin Sun, founder of cryptocurrency Tron, revealed in an interview he will give $1 million to anyone who can identify the names behind the persons who hacked Twitter earlier Wednesday, July 15. Sun’s and Tron’s Twitter accounts were also compromised during the incident.
According to Cointelegraph, Sun said they were working closely with the social networking platform to resolve the issue. He also affirmed they were very vigilant in handling their accounts. Finally, Sun said the attack highlighted the need for decentralization and adoption of trustless software and services.
Sun’s Twitter account appeared to not have said a statement regarding the hack. However, the Twitter account of Bittorrent, his other company, requested followers to remain vigilant while the hack was ongoing.
The security breach at Twitter was the largest at the moment as hackers were able to take control of dozens of accounts, not only crypto companies, but also verified accounts of tech figures like Elon Musk and politicians like Barack Obama and Joe Biden.
All the compromised accounts were tweeting about a scam giveaway. It appears the scammers managed to rake in $118,567 in today’s Bitcoin prices.
Early investigation inside Twitter revealed the hack was a coordinated social engineering attack; hackers were able to successfully target Twitter employees with access to internal systems and tools.
This incident is corroborated by Vice Motherboard, whose sources revealed the hackers paid a Twitter insider to gain access to the company’s internal tool.
“We used a rep that literally done all the work for us,” the source told the publication. Screenshots of the internal tool were being deleted immediately by Twitter when someone posted them. Twitter claimed the image violates their TOS.
Twitter said they immediately locked down the affected account and limited the functionality of all verified accounts the moment they became aware of the incident. The social media platform added it took significant steps to limit access to its internal systems.
Senator Josh Hawley of Missouri wrote a letter to Twitter CEO and co-founder Jack Dorsey requesting for more information on the extent of the breach and whether or not President Donald Trump’s account was compromised. In a separate tweet, Dorsey said they will release more information once they find out more details on how the attack happened.
https://www.ibtimes.com/trons-justin-sun-offers-1-million-bounty-twitter-hackers-3012178
According to Cointelegraph, Sun said they were working closely with the social networking platform to resolve the issue. He also affirmed they were very vigilant in handling their accounts. Finally, Sun said the attack highlighted the need for decentralization and adoption of trustless software and services.
Sun’s Twitter account appeared to not have said a statement regarding the hack. However, the Twitter account of Bittorrent, his other company, requested followers to remain vigilant while the hack was ongoing.
The security breach at Twitter was the largest at the moment as hackers were able to take control of dozens of accounts, not only crypto companies, but also verified accounts of tech figures like Elon Musk and politicians like Barack Obama and Joe Biden.
All the compromised accounts were tweeting about a scam giveaway. It appears the scammers managed to rake in $118,567 in today’s Bitcoin prices.
Early investigation inside Twitter revealed the hack was a coordinated social engineering attack; hackers were able to successfully target Twitter employees with access to internal systems and tools.
This incident is corroborated by Vice Motherboard, whose sources revealed the hackers paid a Twitter insider to gain access to the company’s internal tool.
“We used a rep that literally done all the work for us,” the source told the publication. Screenshots of the internal tool were being deleted immediately by Twitter when someone posted them. Twitter claimed the image violates their TOS.
Twitter said they immediately locked down the affected account and limited the functionality of all verified accounts the moment they became aware of the incident. The social media platform added it took significant steps to limit access to its internal systems.
Senator Josh Hawley of Missouri wrote a letter to Twitter CEO and co-founder Jack Dorsey requesting for more information on the extent of the breach and whether or not President Donald Trump’s account was compromised. In a separate tweet, Dorsey said they will release more information once they find out more details on how the attack happened.
https://www.ibtimes.com/trons-justin-sun-offers-1-million-bounty-twitter-hackers-3012178
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Incidentally, offering bounties in exchange for information on criminal activities is the same policy the SEC (Securities Exchange Commission) uses.
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SEC Issues $3.8 Million Whistleblower Award
FOR IMMEDIATE RELEASE
2020-155
Washington D.C., July 14, 2020 —
The Securities and Exchange Commission today announced a $3.8 million award to a whistleblower who provided significant information that helped the SEC disrupt an ongoing fraudulent scheme. The resulting enforcement action returned millions of dollars to harmed investors.
“Today’s award underscores the paramount role the SEC’s whistleblower program plays in safeguarding the Main Street investor. Since the beginning of the program nearly ten years ago, the SEC has ordered more than $2.5 billion in financial remedies based on whistleblower information, including more than $1.4 billion in disgorgement and prejudgment interest, of which almost $750 million has been returned or is scheduled to be returned to harmed investors,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.
The SEC has awarded approximately $505 million to 87 individuals since issuing its first award in 2012. This includes awards to 20 individuals in the last 10 months, totaling almost $119 million. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay whistleblower awards. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.
As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal a whistleblower’s identity.
For more information about the whistleblower program and how to report a tip, visit SEC.gov/whistleblower.
https://www.sec.gov/news/press-release/2020-155
FOR IMMEDIATE RELEASE
2020-155
Washington D.C., July 14, 2020 —
The Securities and Exchange Commission today announced a $3.8 million award to a whistleblower who provided significant information that helped the SEC disrupt an ongoing fraudulent scheme. The resulting enforcement action returned millions of dollars to harmed investors.
“Today’s award underscores the paramount role the SEC’s whistleblower program plays in safeguarding the Main Street investor. Since the beginning of the program nearly ten years ago, the SEC has ordered more than $2.5 billion in financial remedies based on whistleblower information, including more than $1.4 billion in disgorgement and prejudgment interest, of which almost $750 million has been returned or is scheduled to be returned to harmed investors,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.
The SEC has awarded approximately $505 million to 87 individuals since issuing its first award in 2012. This includes awards to 20 individuals in the last 10 months, totaling almost $119 million. All payments are made out of an investor protection fund established by Congress that is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay whistleblower awards. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10 percent to 30 percent of the money collected when the monetary sanctions exceed $1 million.
As set forth in the Dodd-Frank Act, the SEC protects the confidentiality of whistleblowers and does not disclose information that could reveal a whistleblower’s identity.
For more information about the whistleblower program and how to report a tip, visit SEC.gov/whistleblower.
https://www.sec.gov/news/press-release/2020-155
The SEC claims $750 million dollars was returned to harmed investors by their whistleblower bounty program since 2012.
Quote
$750 million has been returned or is scheduled to be returned to harmed investors,” said Jane Norberg, Chief of the SEC’s Office of the Whistleblower.
Here's to hoping Justin Sun's bounty program is as successful.
it is a good step towards helping the antifraud agencies in unravelling the mystery beind the twitter hack. i think this hackers need some serious punishemnt and that is one of the reasons why they should be fished out. to further deter people from perpetrating this kind of act in the future.
I just suspect about insider information. In some wild guessing how it has become possible for hackers to target high level of people all at once?
There only few possibilities for hacking any account of any services:
1. By resetting password. If celebrities DOB/mothers' 1st name/ fav movie/born city kind of information are available and a services is allowing to reset password by checking these information.
2. By clicking a phishing link.
3. By hacking devices and by installing key-loggers.
I just wonder how those hackers managed to do one of these things successfully.
If hacker hacked only one celebrity's account and then attempted to exploit those BTC doubling things then that is a different case.
When MULTIPLE top level people's account were targeted AT ONE SINGLE TIME means that is somehow leading to assume about the involvement of one or group of employees of twitter corp.
There only few possibilities for hacking any account of any services:
1. By resetting password. If celebrities DOB/mothers' 1st name/ fav movie/born city kind of information are available and a services is allowing to reset password by checking these information.
2. By clicking a phishing link.
3. By hacking devices and by installing key-loggers.
I just wonder how those hackers managed to do one of these things successfully.
If hacker hacked only one celebrity's account and then attempted to exploit those BTC doubling things then that is a different case.
When MULTIPLE top level people's account were targeted AT ONE SINGLE TIME means that is somehow leading to assume about the involvement of one or group of employees of twitter corp.
How much does this twitter hackers stole? Or I should say, received from people seeking for quick and easy money.
I’ve heard that around $200k. It doesnt matter, anyway they got less than $1m. Hacker could surrender to Sun. get $1m, but lose these “around $200k”, share how he hacked and possibly get a position of one of security engineers.
I’ve heard that around $200k. It doesnt matter, anyway they got less than $1m. Hacker could surrender to Sun. get $1m, but lose these “around $200k”, share how he hacked and possibly get a position of one of security engineers.
I don't really see why Justin sun is offering such enormous amount. He thinks this is yet is another opportunity to make publicity stunts and get in the news. The money being offered ($1M) is at least 4 times bigger than the amount that was stolen which doesn't make much sense considering the fact that his account and that of Tronix weren't the only one who were affected during the attack. I wouldn't be too surprised if someone shows up to claim the bounty.
Twitter hacking is not a child's play, so I believe that the person or those behind it are not prey that can be easily caught, and that they have protected themselves well. Justin just uses this situation for a little promotion, and if he really wants to help let him donate that amount to Twitter and their security service to patch up all the security holes in their system.
Maybe Justin just challenged the hackers to show what else they know., I wouldn't be surprised if they decide to remove him from the Trone because of this move
Maybe Justin just challenged the hackers to show what else they know., I wouldn't be surprised if they decide to remove him from the Trone because of this move
But $1 Million Bounty isn't a joke either. For this money some good professionals may think of involving themselves in the game. I wouldn't be surprised if a member of the hacker team handed over his fellows for this amount.
That's how it works with police bounties anyway.just a matter of time when will these hackers be exposed. and knowing, justin sun - maybe another stunt to promote himself and his project and again attract media attention. wonder if he will really do give that reward if someone will trace these hackers, if they ever will??? if you are a true blooded hacker, you should know how to cover your tracks. if not i dont think you can be called a hacker!
When there is a good bounty placed on someone's head, there's normally no need in tracing the criminal. Someone hiding together with him will give over to the police the needed info in exchange for the money. Criminals, living in Peter Pan's world, think their buddies will never do that, but they are wrong, as history shows.
Guys, I know there's a facade in this thread of Justin Sun just doing this for publicity and all that, but think about it, who wouldn't relish at the thought of earning a million dollars just by tracking someone down? Most likely it's going to be split among a group of people because cases like these require a team effort.
Not necessary to have a huge team, anyone who is having the knowledge about the hack and we know how it all transpired and how the media pinpointed it to a kid in the UK but he knew about all this from a discord channel and the hack happened because of the bad security practices of twitter as they were lousy in dealing with sensitive tools and when the back end tool is leaked you get these kind of situations.It is better to sue twitter by the people who lost money because of this mishap.
Kudos to Justin Sun, This is indeed a way to tell the whole world that the crypto community dosen't promote and support frauds since a lot of people have the perceived idea that bitcoin is majorly used for illegal transactions. With a bounty of $1m, I'm sure more than enough people will be willing to rat out the hackers! More wisdom to justin sun
How much does this twitter hackers stole? Or I should say, received from people seeking for quick and easy money.
I’ve heard that around $200k. It doesnt matter, anyway they got less than $1m. Hacker could surrender to Sun. get $1m, but lose these “around $200k”, share how he hacked and possibly get a position of one of security engineers.
Yeah, you can be smart on taking such step as a hacker but you do really believe that they are that fool enough to surrender?
You would face up charges on breaching out big companies twitter accounts plus the fraud or scam that you've been scattering. In legal manner
then that 800k bounty of yours might not really be enough for you to bail out. hehe
Kudos to Justin Sun, This is indeed a way to tell the whole world that the crypto community dosen't promote and support frauds since a lot of people have the perceived idea that bitcoin is majorly used for illegal transactions. With a bounty of $1m, I'm sure more than enough people will be willing to rat out the hackers! More wisdom to justin sun
How much does this twitter hackers stole? Or I should say, received from people seeking for quick and easy money.
I’ve heard that around $200k. It doesnt matter, anyway they got less than $1m. Hacker could surrender to Sun. get $1m, but lose these “around $200k”, share how he hacked and possibly get a position of one of security engineers.
Didn't see McAfee eating his dong - won't see Sun giving away $1 mil. These are guys from the same tear to me
Twitter hacking is not a child's play, so I believe that the person or those behind it are not prey that can be easily caught, and that they have protected themselves well. Justin just uses this situation for a little promotion, and if he really wants to help let him donate that amount to Twitter and their security service to patch up all the security holes in their system.
Maybe Justin just challenged the hackers to show what else they know., I wouldn't be surprised if they decide to remove him from the Trone because of this move
Maybe Justin just challenged the hackers to show what else they know., I wouldn't be surprised if they decide to remove him from the Trone because of this move
But $1 Million Bounty isn't a joke either. For this money some good professionals may think of involving themselves in the game. I wouldn't be surprised if a member of the hacker team handed over his fellows for this amount.
That's how it works with police bounties anyway.just a matter of time when will these hackers be exposed. and knowing, justin sun - maybe another stunt to promote himself and his project and again attract media attention. wonder if he will really do give that reward if someone will trace these hackers, if they ever will??? if you are a true blooded hacker, you should know how to cover your tracks. if not i dont think you can be called a hacker!
Very interesting there will be many people who try to catch up these hackers, in order to get the $ 1 million bounty offered by Justin.
Somehow my hunch says that Justin Sun will break a promise related to the $ 1 million bounty, maybe Justin will have many of reasons for
not paying if true twitter hackers are found. I also don't really want to think negatively towards Justin, therefore we better all wait for the
latest news updates about this. Hopefully my guess is wrong and Justin really paid bounty hunters who managed to find the twitter hackers.
Somehow my hunch says that Justin Sun will break a promise related to the $ 1 million bounty, maybe Justin will have many of reasons for
not paying if true twitter hackers are found. I also don't really want to think negatively towards Justin, therefore we better all wait for the
latest news updates about this. Hopefully my guess is wrong and Justin really paid bounty hunters who managed to find the twitter hackers.
Guys, I know there's a facade in this thread of Justin Sun just doing this for publicity and all that, but think about it, who wouldn't relish at the thought of earning a million dollars just by tracking someone down? Most likely it's going to be split among a group of people because cases like these require a team effort.
But this action he's doing will help bring justice to the hackers who made off with more than $100K. He's throwing 10x more money to get them caught which is another example of legal activities, doing detective work for a bounty in this case, earns you a lot more money than illegal activities, scamming in this case.
As much as I respect Justin Sun even if a lot hates him, I honestly think that spending $1 million to reveal the hackers isn’t just right, especially in this crisis. If I were in his shoes, I would rather spend $1 million for charity purposes during this pandemic.
But this action he's doing will help bring justice to the hackers who made off with more than $100K. He's throwing 10x more money to get them caught which is another example of legal activities, doing detective work for a bounty in this case, earns you a lot more money than illegal activities, scamming in this case.
4 months back, some of the criminals tried a similar scam. I immediately posted about it in the Scam Accusations sub-forum. You can find the thread here:
https://bitcointalksearch.org/topic/m.54070831
Back then, they failed to hack the twitter account. What they did was that a fake Twitter account was created with the same DP and background and then they made scam posts using that account below the tweets from the real account. Back then also, they had targeted the Twitter profile of Elon Musk.
An example is here:
Note the fake tweet (made by @elonmmusk) and the real tweet (@elonmusk).
A lot of users got fooled because if you are not paying attention, then you may not be able to differentiate between @elonmmusk and @elonmusk. And note that the fake tweet received more than a thousand likes and retweets within a few hours.
https://bitcointalksearch.org/topic/m.54070831
Back then, they failed to hack the twitter account. What they did was that a fake Twitter account was created with the same DP and background and then they made scam posts using that account below the tweets from the real account. Back then also, they had targeted the Twitter profile of Elon Musk.
An example is here:
Note the fake tweet (made by @elonmmusk) and the real tweet (@elonmusk).
A lot of users got fooled because if you are not paying attention, then you may not be able to differentiate between @elonmmusk and @elonmusk. And note that the fake tweet received more than a thousand likes and retweets within a few hours.
Yup, the bounty is real and the bounty is Big. So with just those few words I'm almost certain that the hacker will be caught and brought before light. Nobody would pass on such a generous bounty. I expect there'll be many false claims just to acquire the money but then that in itself is another issue altogether.
I read this news in twitter that not only Justin Sun hacks his twitter also some other big accounts. Yes, big rewards who can catch those hackers as Justin is also well known to the crypto industry. We observe how he promote his project using his twitter acct which is very important to him. Publicly this makes noise to people an added attention to Twitter users.I'm sure the hacker is not dumb to leave a footsteps of their actions, so provably there's no one can trace those hacker since as per history no hacker has been found especially in crypto who cause damage to the public. I really had a feeling that tron use this event as simple marketing since they can get an attention by placing a bounty for impossible trace out of those hackers.
The security breach at Twitter was the largest at the moment as hackers were able to take control of dozens of accounts, not only crypto companies, but also verified accounts of tech figures like Elon Musk and politicians like Barack Obama and Joe Biden. All the compromised accounts were tweeting about a scam giveaway. It appears the scammers managed to rake in $118,567 in today’s Bitcoin prices. Early investigation inside Twitter revealed the hack was a coordinated social engineering attack.
Yup, the bounty is real and the bounty is Big. So with just those few words I'm almost certain that the hacker will be caught and brought before light. Nobody would pass on such a generous bounty. I expect there'll be many false claims just to acquire the money but then that in itself is another issue altogether.
I read this news in twitter that not only Justin Sun hacks his twitter also some other big accounts. Yes, big rewards who can catch those hackers as Justin is also well known to the crypto industry. We observe how he promote his project using his twitter acct which is very important to him. Publicly this makes noise to people an added attention to Twitter users. What exactly his doing now is to promote himself again. Hes making his name to look more attractive and that bounty offering will surely catch attention publicly. I really appreciate what he does but it turns me off if this is the only way to get attention. The authorities are tracking whos behind this hacking scenario, may Justin will give it to them once they know.
You mean a publicity right. Well in this case it might be true that Justin Sun would truly give a reward to those who can give information about the hacker. It is very hard though to detect because hackers now are aware and being cautious in their action. What important here is to retreive those account that has been hacked and I guess twitter technical services could reset it for them though it may be a hard and long job to all hack accounts at least it will return. And also it might add up a lesson to learn in this issue regarding hack accounts. Jump to: