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Civil recovery order targets PlugwalkJoe's illicit gains while he serves US sentence British prosecutors have secured a civil recovery order to seize crypto assets worth £4.11 million ($5.39 million) from Twitter hacker Joseph James O'Connor, clawing back the proceeds of a scam that used hijacked celebrity accounts to solicit digital currency and threaten high-profile individuals.…

Bank Info Security 2 years, 6 months ago

US Securities and Exchange Commission Probes X Account Hack

Value of Bitcoin Rocketed Following Fake Post Claiming Spot Bitcoin ETFs ApprovedThe U.S. Securities and Exchange Commission said it is probing the "compromise" of its X - formerly known as Twitter - social media accounts after a hacker broadcast a fake post claiming the agency had approved spot bitcoin exchange-traded funds, which sent the value of bitcoin rocketing.

Joseph James "PlugwalkJoe" O'Connor, a 24-year-old from the United Kingdom who earned his 15 minutes of fame by participating in the July 2020 hack of Twitter, has been sentenced to five years in a U.S. prison. That may seem like harsh punishment for a brief and very public cyber joy ride. But O'Connor also pleaded guilty in a separate investigation involving a years-long spree of cyberstalking and cryptocurrency theft enabled by "SIM swapping," a crime wherein fraudsters trick a mobile provider into diverting a customer's phone calls and text messages to a device they control.