The biggest grocery store chain in the UK was left red-faced this week after hackers took over its Twitter account to advertise a bitcoin (BTC) rip-off. The information surfaced by way of IT journal Bleeping Laptop on June 25.Tesco, which has nearly 550,000 Twitter followers, misplaced management of its account and started claiming it might give away free bitcoins in return for investments.The hackers appeared to have an affinity with Microsoft founder, Invoice Gates, utilizing his avatar and altering Tesco’s deal with to ‘Billgatesmsc.’“Bitcoin is on the rise once more! Someday, it’ll no doubt change fiat currencies,” one deleted tweet learn in a mode which intently mimicked earlier scams involving ethereum (ETH) which pervaded Twitter final yr.“I’d like to provide again to the neighborhood, subsequently any bitcoin you ship to this deal with, I’ll ship again double! Remark your BTC deal with beneath when completed.”The deal with the hackers provided by no means obtained any funds. Tesco subsequently regained entry to its account, deleting all traces of the episode. It stays unknown how the hackers managed to compromise the account.The timing appeared deliberate; as Cointelegraph continues to report, bitcoin is at present buying and selling at its highest because the finish of its record-breaking bull market in December 2017. The cryptocurrency has broadly returned to public consciousness, thanks primarily to elevated mainstream media protection. “It has been a few month since this new wave of scammers began up once more. Final time was August-December 2017,” educator and ‘Mastering Bitcoin’ writer, Andreas Antonopoulos, wrote final week concerning the rising prevalence of scammers this yr. “The value dump in crypto made them go away and now they’re again.”Scams akin to Tesco’s in the meantime proceed to look outdoors the crypto business, with Sweden’s authorities one other latest sufferer. In April, attackers efficiently managed to tweet that the nation had modified its official forex to bitcoin. In an interview afterward, the particular person accountable informed native press outlet Trijo that private political leanings fashioned his motivation for compromising the Social Democrats’ Twitter web page.“I merely suppose socialism is mistaken,” he stated.