The scam is a simple one, with a promise that the world's richest people would double the amount of money sent to a Bitcoin crypto currency address.
While Twitter was investigating, it "limited functionality" for all verified Twitter accounts. As it appears, many have even made the BTC payment, hoping the billionaire philanthropist lives up to "his" words, if they were his words at all. Just a year ago, the account of Twitter CEO Jack Dorsey was broken into a nd used to tweet racist and vulgar comments. Twitter did not immediately respond to a request for comment from DailyMail.com.
Twitter's support account, also a verified account, managed to post that users "may be unable to tweet or reset your password" while they are working on the incident.
On Wednesday afternoon, dozens of high-profile Twitter accounts of major brands and celebrities began sending out tweets asking their followers to send Bitcoin. The hackers used the hacked accounts to run a bitcoin scam and were able to get over $100,000 by fooling followers of these verified accounts.
Advertisement Musk's account followed up with another tweet stating that if "You send $1,000, I send back $2,000!" for the following 30 minutes.
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Many other accounts were quickly hijacked, including @elonmusk. This alone strongly implies that someone - or a dedicated group - has either gained access to a Twitter employee's administrative privileges, or found a serious security loophole in Twitter's login process. Twitter said that more work is still being done in order to get things back to normal, and added that it is still now looking into the problem.
At the time of writing one of the primary blockchain wallets involved in the scam has $169,000 worth of bitcoin go through it.
Twitter has said it is aware of the security incident.
Dmitri Alperovitch, who co-founded cybersecurity company CrowdStrike, said the Twitter cyber-scam was unprecedented.
The wording has appeared in similar formats across the affected accounts. This is not the first time that Twitter has been hacked, there have been cases earlier.