Threat actors are hacking verified Twitter accounts in an Elon Musk cryptocurrency giveaway scam that has become widely active. The scam has been very successful for the threat actors. In 2018, scammers raked in $180,000 using a successful Elon Musk giveaway scam promoted on Twitter. Twitter disabled the ability to verify an account in July after the company was hacked in a massive cryptocurrency scam. Some of the hacked accounts are also promoting fake giveaways from Tyler Winklevoss of Gemini Exchange. The attackers are likely targeting dormant verified accounts not to be detected by the owner of the accounts.
Source: https://www.bleepingcomputer.com/news/security/verified-twitter-accounts-hacked-in-580k-elon-musk-crypto-scam/