Billionaires Elon Musk, Jeff Bezos and Bill Gates are among many prominent US figures targeted by hackers on Twitter in an apparent Bitcoin scam.
The official accounts of Barack Obama, Joe Biden and Kanye West also requested donations in the cryptocurrency.
“Everyone is asking me to give back, and now is the time,” a tweet from Mr Gates’ account said. “You send $1,000, I send you back $2,000.”
The tweets were deleted just minutes after they were first posted.
Twitter took the extraordinary step of stopping many verified accounts marked with blue ticks from tweeting altogether.
There were reports that password reset requests were also being denied.
Dmitri Alperovitch, who co-founded cyber-security company CrowdStrike, told Reuters news agency: “This appears to be the worst hack of a major social media platform yet.”
Twitter said it was looking into the incident and would issue a statement soon.
On the official account of Mr Musk, the Tesla and SpaceX chief appeared to offer to double any Bitcoin payment sent to the address of his digital wallet “for the next 30 minutes”.
“I’m feeling generous because of Covid-19,” the tweet added, along with a Bitcoin link address.
One such tweet from Musk’s account was deleted, only for another one to appear, then a third.
As well as rapper Kanye West, his wife, reality TV star Kim Kardashian, former US President Obama, Mr Biden, who is the current Democratic presidential candidate, and media billionaire Mike Bloomberg, major companies Uber and Apple were targeted.
The Biden campaign said Twitter had “locked down the account within a few minutes of the breach and removed the related tweet”.
A spokesman for Bill Gates told AP news agency: “This appears to be part of a larger issue that Twitter is facing.”
An unprecedented ‘smash and grab’
These “double your Bitcoin” scams have been a persistent pest on Twitter for years but this is unprecedented with the actual accounts of public figures hijacked and on a large scale.
The fact that so many different users have been compromised at the same time implies that this is a problem with Twitter’s platform itself.
Early suggestions are that someone has managed to get hold of some sort of administration privileges and bypassed the passwords of pretty much any account they want.
With so much power at their fingertips the attackers could have done a lot more damage with more sophisticated tweets that could have harmed an individual or organisation’s reputation.
But the motive seems to be clear – make as much money as quickly as they can. The hackers would have known that the tweets wouldn’t stay up for long so this was the equivalent of a “smash and grab” operation.
There are conflicting accounts of how much money the hackers have made and even when a figure is settled upon, it’s important to remember that cyber-criminals are known to add their own funds into their Bitcoin wallets to make the scam seem more legitimate.
Either way, it’s going to be very hard to catch the criminals by following the money. Law enforcement, as well as many angry users, will have some strong questions for Twitter about how this could have happened.
Cameron Winklevoss, who was declared the world’s first Bitcoin billionaire in 2017 along with his twin brother Tyler, tweeted a message on Wednesday warning people not to participate in the “scam”.
In the short time it was online, the link displayed in the tweets of targeted accounts received hundreds of contributions totalling more than $100,000 (£80,000), according to publicly available blockchain records.
The Twitter accounts targeted all have millions of followers.