Monday, December 11, 2023

Bitcoin Twitter hacker to spend three years in prison

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Graham Ivan Clark, the teenage hacker who authorities accuse of being the mastermind behind the infamous Bitcoin Twitter Hack last year, pleaded guilty to 30 counts against him. As part of the deal, he agreed to serve a three-year prison sentence in a juvenile facility. According to The New York Times and Tampa Bay Times, he was classified as a “young offender” under Florida law, which allowed him to avoid the minimum 10-year sentence he would have received as an adult.

Clark was stopped in July 2020, when he was still 17, with two other people, a few weeks after the Twitter hack that resumed several high-level accounts have occurred. On July 15 of last year, some of the site’s most followed personalities and companies – including President Barack Obama, President Joe Biden, Elon Musk, Bill Gates, Uber, Apple, Kanye West and Jeff Bezos – tweeted that they were “giving back to the community” and would double any Bitcoin sent to a specific wallet. The attackers managed to get $ 117,000 in Bitcoin before the system was shut down.

After examining the security breach, Twitter ad that the perpetrators got into compromised accounts through social engineering. They apparently targeted Twitter employees with access to internal systems and tools, which they then used to take control of highly visible accounts. These tools not only gave them the power to change account details and passwords, but also gave them access to MDs of account holders. In fact, Twitter confirmed that the attackers exported data on “up to eight of the accounts involved”. NOW says Clark and his cohorts originally used their access to Twitter’s internal system to support accounts with one-word or unusual usernames, such as @dark, which they then sold on the OGUsers forum for thousands. They changed their tactics halfway and instead executed the Bitcoin scam.

According to a profile, the NOW published after his arrest, Clark already has been taken stealing Bitcoins from a Seattle-based tech investor in 2019 but was not arrested for being a miner. Clark returned all Bitcoins to his possession after his arrest and he agreed not to use computers without permission or supervision from law enforcement as part of the deal. He could serve part of his sentence in a military-style training camp, but he could also spend up to 10 years in adult prison if he breaks the terms of the agreement.


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