Colin Mc Hugo

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Colin Mc Hugo
Security Engineer Manager & CEO at Quantum Infinite Solutions Group Ltd.

18-Year-Old Hacker Gets 3 Years in Prison for Massive Twitter ‘Bitcoin Scam’ Hack

March 17, 2021
Twitter Bitcoin Scam

A Florida teen accused of masterminding the hacks of a number of high-profile Twitter accounts final summer season as a part of a widespread cryptocurrency rip-off pled responsible to fraud costs in trade for a three-year jail sentence.

Graham Ivan Clark, 18, can even serve an extra three years on probation.

The event comes after the U.S. Division of Justice (DoJ) charged Mason Sheppard (aka Chaewon), Nima Fazeli (aka Rolex), and Clark (then a juvenile) with conspiracy to commit wire fraud and cash laundering.

Particularly, 30 felony costs had been filed towards Clark, together with one rely of organized fraud, 17 counts of communications fraud, one rely of fraudulent use of private data with over $100,000 or 30 or extra victims, 10 counts of fraudulent use of private data, and one rely of entry to pc or digital machine with out authority.

On July 15, 2020, Twitter suffered one of many greatest safety lapses in its historical past after the attackers managed to hijack almost 130 high-profile Twitter accounts pertaining to politicians, celebrities, and musicians, together with that of Barack Obama, Kanye West, Joe Biden, Invoice Gates, Elon Musk, Jeff Bezos, Warren Buffett, Uber, and Apple.

The broadly focused hack posted equally worded messages urging thousands and thousands of followers of every profile to ship cash to a particular bitcoin pockets handle in return for bigger payback. The scheme netted about $117,000 in bitcoin earlier than it was shut down.

Twitter Bitcoin Scam

Subsequent investigation into the incident revealed that Clark and the opposite attackers seized the accounts after stealing Twitter staff’ credentials by a profitable cellphone spear-phishing assault, subsequently utilizing them to achieve entry to the corporate’s inside community and account help instruments, change person account settings, and take over management.

“By acquiring worker credentials, they had been capable of goal particular staff who had entry to our account help instruments. They then focused 130 Twitter accounts – Tweeting from 45, accessing the DM inbox of 36, and downloading the Twitter Information of seven,” the corporate said on July 31.

Moreover, the three people tried to monetize this entrenched entry by promoting the hijacked accounts on OGUsers, a discussion board infamous for peddling entry to social media and different on-line accounts.

In mild of the hacks, Twitter mentioned it is making security improvements aimed toward detecting and stopping inappropriate entry to its inside programs, which had been utilized by greater than 1,000 staff and contractors as of early 2020.

“He took over the accounts of well-known folks, however the cash he stole got here from common, hard-working folks,” Hillsborough State Legal professional Andrew Warren said in an announcement. “Graham Clark must be held accountable for that crime, and different potential scammers on the market have to see the implications.”

“On this case, we have been capable of ship these penalties whereas recognizing that our objective with any little one, each time doable, is to have them be taught their lesson with out destroying their future.”

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