Share this article
BTC
$95,311.46
+
1.97%ETH
$1,802.45
+
2.23%USDT
$1.0008
+
0.04%XRP
$2.1950
-
0.48%BNB
$603.94
+
0.70%SOL
$151.21
-
0.07%USDC
$0.9998
+
0.00%DOGE
$0.1814
+
0.27%ADA
$0.7169
-
0.58%TRX
$0.2430
-
1.45%SUI
$3.5942
+
9.31%LINK
$15.05
+
0.43%AVAX
$22.28
+
0.16%XLM
$0.2843
+
1.72%HBAR
$0.1949
+
4.41%SHIB
$0.0₄1389
+
2.21%LEO
$8.8396
-
4.47%TON
$3.2328
+
1.89%BCH
$375.98
+
7.24%LTC
$86.59
+
3.68%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Twitter Hack: Chainalysis and CipherTrace Confirm FBI Investigation
The FBI is investigating Wednesday’s Twitter hack, Chainalysis and CipherTrace confirm.
The U.S. Federal Bureau of Investigations (FBI) is looking into Wednesday’s massive Twitter hack, which saw dozens of accounts belonging to prominent figures and crypto exchanges compromised to shill a sketchy crypto scam.
STORY CONTINUES BELOW
The takeover saw some $120,000 in bitcoin flow through the address in question, though it remains unclear if that is the total figure sent by victims or if the perpetrator(s) laundered funds through the address themselves. What is clear is that Twitter suffered an unprecedented security breach, one that impacted a former U.S. president, multiple billionaires and the foremost crypto news organization.
Click here for CoinDesk’s full coverage of the Twitter hack.
CipherTrace and Chainalysis, two blockchain forensics firms, both confirmed that federal investigators have contacted them. Neither firm was able to disclose additional information; Chainalysis said it had “been contacted by several agencies,” while CipherTrace could only say that "several law enforcement agencies" had reached out.
Read more: Twitter Hack 2020 Was Probably Done by a Bitcoiner – But Not a Savvy One
Elliptic, another firm, told CoinDesk it does not disclose its law enforcement interactions. Neither the FBI nor the Federal Trade Commission (FTC) returned requests for comment by press time.
U.S. anti-money laundering watchdog Financial Crimes Enforcement Network (FinCEN) warned financial institutions to watch out for Twitter scams in the wake of the hack.
“FinCEN is working closely with law enforcement agencies to identify the source of these scams and disrupt them,” it said Thursday.
The Wall Street Journal first reported the FBI’s interest in the case.
Chainalysis and Elliptic both told CoinDesk the stolen funds are already “on the move.” Chainalysis also disclosed the hackers sloshed their funds between wallets to inflate the scam’s apparent success.
UPDATE (7/17/20 16:46 UTC): This article has been updated to show that CipherTrace has been contacted by "several" law enforcement agencies, not specifically the FBI.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
Nikhilesh De
Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. When he's not reporting on digital assets and policy, he can be found admiring Amtrak or building LEGO trains. He owns < $50 in BTC and < $20 in ETH. He was named the Association of Cryptocurrency Journalists and Researchers' Journalist of the Year in 2020.
