The British Army’s social media accounts have been targeted by hackers resulting in the fraudulent promotion of a cryptocurrency Ponzi scheme.
The Army’s Facebook and Twitter accounts where targeted by cryptocurrency scammers who successfully posted messages with referral links.
Commenting on the case on Sunday, the UK Ministry of Defence said that it was unclear when the hackers were able to take over the accounts, but a spokesperson assured both accounts had been restored.
The hackers also targeted the Army’s YouTube account, which is also being investigated.
Hijacking the British Army’s social handles resulted in the hackers converting everything from the pictures, bios and cover photos to endorse The Possessed NFT collection. Any user that followed the links ended up in a fake NFT minting website.
The YouTube channel was quickly revamped to look like the handle of Ark Invest, an investment firm. The existing British Army videos were deleted and replaced with old videos which featured popular cryptocurrency proponents, such as Twitter CEO Jack Dorsey and Tesla CEO Elon Musk.
These videos were aired during The B Word conference which was hosted by Ark Invest. Rocio Vives, a Twitter spokesperson, said the British Army account has been secured, as confirmed by the army. A breach of legitimate accounts has been a serious concern.
Consumers who are looking for the next big thing are often inclined to make snap purchases and have been tricked to back various fake projects purportedly promoted by Bill Gates or Elon Musk.
Hackers understand the value behind hijacking highly trusted accounts because they can almost certainly elicit a strong financial trade-off, which incentivizes them to try.