Young man sentenced to prison for stealing $ 100,000 in bitcoin via Twitter | Finance & Finance

A young man of just 18 years pleaded guilty to hacking several verified accounts of celebrities on Twitter to promote scams with bitcoin (BTC), ether (ETH) and other cryptocurrencies. Graham Ivan Clark was convicted by the Florida regional court last Tuesday. He will spend 3 years in prison as part of the court settlement.

18-year-old steals $ 100,000 in bitcoin through hungry Twitter accounts (Image: Marco Verch / Flickr)

18-year-old steals $ 100,000 in bitcoin through famous Twitter accounts (Image: Marco Verch / Flickr)

Most serious hacking in Twitter history

His conviction is related to a series of invasions that occurred in July 2020, when the young hacker temporarily stole extremely high-profile Twitter accounts. The rapid sequence of hacks was considered the most serious event of its kind in the history of the social network.

Accounts belonging to Elon Musk, Barack Obama, Bill Gates and Joe Biden, for example, were briefly taken over by Clark, who used them to promote cryptocurrency schemes. According to the authorities, the young hacker managed to get $ 100,000 in bitcoin through the disclosed scams.

Clark had already been arrested last year, shortly after the hack, and has already served 229 days of the sentence. At the time of the crimes, the hacker was still a minor and therefore his sentence was more lenient, categorized as “young offender”. Eventually, he will also be able to spend his time in an open regime. However, he indefinitely lost the right to access computers without police supervision during his time in prison.

How the hack was carried out

Clark managed to carry out an invasion of this magnitude with the help of two other collaborators who have also been detained, Nima Fazeli from Orlando and Mason Sheppard from the United Kingdom. They supposedly met through an online forum.

In this community called OGusers, much has been debated about Twitter’s internal protocols and tools. Some of them, for example, could be used to reset the email addresses of the targeted accounts.

Once the emails were reset, the three hackers were also able to change passwords and other security protocols. When in possession of one of these celebrity accounts, they posted tweets calling users for scams with cryptocurrencies.

What were the frauds disclosed

These schemes have been going on for a long time and have not stopped the arrest of Clark and the other hackers. These are fake cryptocurrency prize events and sweepstakes, mainly bitcoin (BTC) and ether (ETH).

Faces of celebrities like Elon Musk are used to promote fraud in which the user is persuaded to send some cryptocurrency value to a digital wallet. Then, the supposed charitable event promises to return double the amount. Of course, no digital currency really comes back to the victim.

Recently, the BleepingComputer, a website specializing in cybersecurity, revealed that these scammers stole at least $ 145,000 in bitcoin (BTC), ether (ETH) and dogeocin (DOGE) in one week.

The modus operandi of these schemes has not changed since the arrests of Clark and others. The biggest difference is that today, inactive verified Twitter accounts are used to promote scams. Some of them even have their names changed to “Elon Musk”, “Tesla” or “Bill Gates”, for example, but the invasions of the original profiles of the famous people did not happen again.

With information: Tampa Bay Times

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