HOME CATEGORIES WRITE AND EARN 🔍
CATEGORIES WRITE AND EARN MORE

CRYPTO NEWS

Your favorite crypto news blog

Why Was The Official Apple Twitter’s Only Tweet Ever About Bitcoin?

Bitcoin 2020/07/31 23:00 by Tony Spilotro

Oddly enough, Apple is known for never using its official Twitter account to market its flagship iPhone or Mac computers. However, the one tweet the account has ever made was directly about Bitcoin to its more than 4.6 million followers.

Comparing Apples To Oranges, And a Computer Firm To Crypto

Bitcoin was created by the pseudonymous Satoshi Nakamoto sparking an entire industry of competitors. Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne, and like the cryptocurrency is the leader in its space.

Apple also sparked a sea of competitors and knock offs, much like what has happened with the emergence of altcoins.

Related Reading | Why Apple Won’t Reveal Crypto and Bitcoin Support at iPhone 12 Event

But Apple is a company, led by executives and featuring everything from a full marketing arm to a research and development department. There’s constant productivity pushing innovation and adoption of their products forward. None of this exists for Bitcoin.

While both Apple and Bitcoin both have an official Twitter account, Apple’s strangely has never been used to tweet to market its products.

It was used, however, to bring publicity to Bitcoin. But it is not in the positive way you might expect.

Why Did The Tech Brand’s Official Account Tweet About Bitcoin?

The reason Bitcoin was mentioned in the official Apple account’s only tweet, was because it compromised by a hacker.

The hacker then posted a BTC address, along with the commonly seen cryptocurrency scam requesting a sum of crypto is sent for double the amount in return.

Celebrities are usually impersonated for such tactics, using other accounts designed to mimic the likes of Elon Musk or President Trump. But in this case, the hacker was able to gain control of not only Apple’s official account, but accounts of public figures, musicians, and politicians.

Related Reading | The Most Common Bitcoin Scams And How To Avoid Them

Jeff Bezos, Joe Biden, Kim, and Kanye were among those who had their accounts hacked.

A 17-year old Tampa teen was responsible for the attack, who was recently detained by authorities. He’s now facing a full slate of charges including one count of organized fraud, 17 counts of communications fraud, one count of fraudulent use of personal information with over $100,000 or 30 or more victims, 10 counts of fraudulent use of personal information, and one count of access to computer or electronic device without authority.

Although the suspect is a teen, the court system plans on charging him as an adult if allowed due to the crime being monetary related.

Over $120,000 in BTC was transferred to accounts controlled by the hacker. There are several similar scams to watch out for. Be sure to check out our list of the most common Bitcoin scams and how to avoid them.

0 Like(s)



You should also read...

Bitcoin 14/12/19 19:26 by Nick Chong
What’s the Best Way to Drive Bitcoin Adoption? Billionaire Says Crypto Giveaways
Cryptocurrency has long been something given away. In fact, the first Bitcoin (no, not a whole coin) this writer ever received was through a BTC faucet, which if you remember are these services that p...
Read More
Bitcoin 28/04/20 00:52 by Edwin Kinoti
Feasible Low Inflation Rate Sets Bitcoin On The Bull Train
Mati Greenspan, Founder of Quantum Economics and a cryptocurrency trader and analyst stated in a tweet that in just 15 days from April 26, the annual inflation of Bitcoin would go from 3.65% to just ...
Read More
Bitcoin 09/10/20 22:59 by Olivia Brooke
Bitcoin Evangelist Anthony Pompliano Labels DeFi An ICO Branded Scam
DeFi’s explosive growth has in no way lessened the criticism from the crypto-industry. In fact, the surge in usage and popularity has attracted harsh criticism from industry players, all of whom ha...
Read More
Bitcoin 16/03/21 20:10 by Steven Msoh
How One Man Lost Over $500k to a Fake Elon Musk Bitcoin Giveaway Scam
Elon Musk is beloved in the crypto community, with many even believing he is the pseudonymous Satoshi Nakamoto. However, for one German man, his name will always bring up one of his worst memories. T...
Read More
Bitcoin 04/06/21 17:49 by Nick James
Elon Musk’s New Move Against Bitcoin Is Starting to Backfire
People are pouring scorn on Tesla CEO Elon Musk. That’s according to data analyzed by Awario, a company that tracks sentiments in markets. Apparently, the backlash against Elon stems from his anti-...
Read More