The 'I Am Giving Back' Twitter hack refers to the massive security breach that occurred on July 15, 2020, when hackers compromised several high-profile verified accounts, including those of Barack Obama, Joe Biden, and Elon Musk. The attackers posted messages claiming they would double any Bitcoin sent to a specific wallet address as a gesture of generosity. While the event was a serious cybersecurity incident that netted the scammers over $120,000, it quickly became an internet meme. Users now use the screenshot format to parody celebrity 'giving back' culture, mock obvious online scams, or create satirical scenarios where unlikely figures promise to double strange items or digital assets.