US Court Sentences Bitcoin Scammer to 3 Years in Prison After Massive Twitter Hack to Promote BTC Scam

The mastermind behind a widely publicized Twitter hack to promote a bitcoin and ad scam has pleaded guilty and been sentenced to three years in prison. Over the course of the hack, a number of high-profile companies, politicians and celebrities were targeted to further the development of the crypto-currency scam.

  • Graham Ivan Clark, the Florida teenager who hacked into Twitter accounts of high-profile individuals last July for a bitcoin scam, reportedly pleaded guilty Tuesday to all charges and received a three-year sentence in juvenile detention. He also accepted a three-year suspended sentence, according to the 13th District Attorney’s Office. District. An announcement from the Tampa judicial circuit.
  • Clark, now 18, and his cronies have taken over the popular Twitter accounts of corporations, politicians and celebrities. Among them were the accounts of US President Joe Biden, former US President Barack Obama, Microsoft co-founder Bill Gates, Tesla CTO Elon Musk, Amazon CEO Jeff Bezos, Apple, Google and Uber.
  • Some well-known crypto-currency accounts have also been hacked. Among them were the accounts of Binance, its CEO Changpeng Zhao (CZ), Bitcoin, Bitfinex, Litecoin creator Charlie Lee, Coinbase, Gemini, Tron founder Justin Sun, Kucoin, Ripple, the Tron Foundation and Ethereum founder Vitalik Buterin.
  • The hacker then used these accounts to promote the bitcoin donation scam by posting a link to the bitcoin address and claiming that anyone who sent bitcoins to that address would receive double. The bitcoin address associated with the scam received a total of 12.90 bitcoins, which were worth more than $100,000 at the time of the attack.
  • According to Twitter, a total of 130 user accounts were hacked. Of these, 45 accounts were used to send tweets. The company also said the hackers had access to the DM email accounts of 36 of the 130 targeted accounts.
  • Clark was charged with 30 counts, including one count of organized fraud, 17 counts of communications fraud, one count of fraudulent use of personal information involving more than $100,000 or 30 or more victims, 10 counts of fraudulent use of personal information and one count of unauthorized access to a computer or electronic device.

What do you think of this bitcoin fraud conviction? Let us know your comments in the section below.

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