Law360 (September 8, 2020, 4:21 PM EDT) — On July 15, more than 100 high-profile Twitter accounts — including those of Bill Gates, Elon Musk, Barrack Obama, Jeff Bezos and Apple Inc. — were hacked to promote a scam. The scam asked individuals to send bitcoin to a specific address, with the promise that any bitcoin sent would be doubled. More than $110,000 worth of bitcoin was transferred to the address before Twitter removed the scam posts.
Bitcoin and other cryptocurrencies have recently been targeted for financial scams like this one in part because of the perceived anonymity associated with the transactions. However, bitcoin transactions are not completely anonymous….