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Joseph James O'Connor, a British citizen, has recently pleaded guilty to engaging in computer intrusion and stealing cryptocurrencies through the use of SIM-swap fraud.
What set this particular scam apart from others was the fact that the fraudsters gained access to the actual accounts of these prominent individuals. In addition to the Twitter hacks, O'Connor and his associates conducted a SIM-swap fraud scheme that affected three executives of a wallet company. Through these intrusions, they managed to drain cryptocurrency from the wallets of two clients.
To cover their tracks, the criminals engaged in money laundering activities, executing various transactions and converting a portion of the stolen funds into Bitcoin. It was discovered that some of the pilfered cryptos ended up in a personal exchange account under O'Connor's name.
O'Connor, also known as PlugwalkJoe, further demonstrated his involvement in cybercrimes by hacking a Snapchat account through SIM swapping. Additionally, he endangered one of his victims through a tactic known as swatting, which involves making false emergency calls to law enforcement, resulting in the victim being targeted for a crime they did not commit.
During the investigation, the New York Times corroborated the involvement of four individuals by linking their social media accounts to their cryptocurrency addresses. One of the alleged accomplices, a pseudonymous Discord user is known as Kirk, reportedly sold Twitter handles in exchange for Bitcoin to demonstrate his access to Twitter's internal systems.
O'Connor, seemingly dismissive of the consequences, even purchased the Twitter handle "@6," boldly stating, "They can come to arrest me. I would laugh at them. I haven't done anything."
The sentencing for Joseph James O'Connor is scheduled for June 23. In addition to facing a potentially lengthy prison term, he will also be required to forfeit the stolen cryptocurrency as part of the legal proceedings.