Scammers hijack Twitter accounts of Joe Biden, Bill Gates and others to promote cryptocurrency

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Hackers on Wednesday took over a series of high-profile Twitter accounts — including those of presumptive Democratic presidential nominee Joe Biden and Microsoft co-founder Bill Gates — to promote cryptocurrency scams in a remarkable security breach.

The cause of the breach was not immediately clear. But a series of similarly worded tweets promoting bitcoin, a type of cryptocurrency, began appearing from the compromised accounts around the same time on Wednesday. The Twitter account of cryptocurrency exchange Gemini appeared to be swept up in the scam, as did Apple’s official Twitter account.

Twitter said it was investigating and addressing the incident.

Among other accounts compromised were those belonging to musical artist Kanye West, Tesla founder Elon Musk and former president Barack Obama.

Rob Joyce, a longtime National Security Agency official, noted the hackers could have done a lot more with their access to the breached accounts.

The accounts tweeted the same bitcoin wallet address, which gathered a large amount of money since the scam started. As of 6 p.m. EDT Wednesday, the wallet had received over $113,000 in bitcoin.

This is a developing story and will be updated as information becomes available.