Coin Gabbar Token

<h2 id="header-0">Joseph James O&#39;Connor, a British citizen, has recently pleaded guilty to engaging in computer intrusion and stealing cryptocurrencies through the use of SIM-swap fraud.</h2>The case involves a series of high-profile Twitter account hacks that took place in 2020, targeting notable individuals such as Elon Musk and Michael Bloomberg. O&#39;Connor and his accomplices utilized the compromised <a href="https://www.coingabbar.com/en/crypto-currency-news/cryptos-potential-to-revolutionize-content-creator-support" rel="noopener noreferrer nofollow">Twitter accounts </a>to send out Bitcoin links, promising unsuspecting victims high returns in a short period.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&#39;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&#39;Connor&#39;s name.O&#39;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.As a consequence of his actions, O&#39;Connor now faces a potential prison sentence of up to 77 years. His guilty plea encompasses charges related to computer intrusion, extortive communications, and making threatening communications. Notably, O&#39;Connor&#39;s cyber scam was deemed relatively unsophisticated by experts. Alex Stamos from the Stanford Internet Observatory pointed out that the scammers&#39; request for <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-donations-in-philanthropy-on-the-rise-says-giving-block-report" rel="noopener noreferrer nofollow">Bitcoin donations </a>revealed a lack of sophistication.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&#39;s internal systems.O&#39;Connor, seemingly dismissive of the consequences, even purchased the Twitter handle &#34;&#64;6,&#34; boldly stating, &#34;They can come to arrest me. I would laugh at them. I haven&#39;t done anything.&#34;The sentencing for Joseph James O&#39;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.

British Citizen Pleads Guilty to High-Profile Twitter Hacks and Crypto Theft

Table of Contents

Coingabbar

Other articles published on May 11, 2023

Bitcoin price blasts through $28,000 on positive inflation data

Bitcoin Price Analysis: Bears Targeting 27242 - 12 May 2023

NY Authorizes Stablecoins as a Form of Bail: Assembly Bill 7024

Ethereum breaches key demand wall; What’s next for ETH?

What is NOOT BRC20 (NOOT) and How to Buy it?

BIPs: Yes, the Bitcoin Network Gets Timely Upgrades, Too. Here’s How It Works

Join our free newsletter for daily crypto updates!