Bitcoin is a decentralized online payment system and the name of a digital currency. Payments by Bitcoin are encrypted. It is possible to send and receive Bitcoin without giving any personally identifying information.
The cryptography-based digital currency has been around since 2009. In order to pay with Bitcoin, you need an encrypted online wallet. You can purchase Bitcoin at special online exchanges. The exchange rate fluctuates daily and is based on supply and demand. The transfers are performed by a combination of computers over the Internet without a central coordinating body.
Hackers called Twitter employees on the phone and tricked them into giving away private information like passwords. The fraudsters accessed 130 well-known accounts earlier in July, including Elon Musk's and Kanye West's.
The hackers behind last week's major security breach at Twitter managed to access the private messages of dozens of accounts, the platform has said. One of the profiles belonged to an elected official in the Netherlands.