The crypto sector was ground to a standstill last year when Twitter announced that most of the verified accounts on their platforms had been hacked. The reason for this was because the hacked accounts had one thing in common: they all posted a crypto doubling philanthropy. The microblogging platform mentioned that the hackers got into their database and took the password of influential personalities.
True to their words, most of the hacked accounts were those of influential personalities ranging from United States President Joe Biden to the CEO of Tesla, Elon Musk. Also hacked during the period were accounts belonging to Jeff Bezos, Kim Kardashian, and a few others. The hacker had just one purpose in mind, scam people on Twitter of their hard-earned Bitcoin.
Clark pleaded guilty to the charges
Even though the police were able to capture the suspect at the time, there was negligible due to the lack of evidence that saw the case face postponement many times. The new light shining on the case is that the teenager suspected of pulling off the heist, Graham Ivan Clark, have pleaded guilty and would face the full wrath of the law. In the update sent out across the media, the teen hacker would head over to a court in Florida to put pens on paper on a plea deal.
This was said to have been made possible after the teenager’s lawyers officially submitted paperwork yesterday to that effect. The plea deal will see Clark serve three years in jail and another three years of probation. In the plea deal, the teenager was pleading guilty to charges bordering on financial fraud. The teenager made the news after his famous request for Bitcoins using the accounts mentioned above.
Crypto scams now popular in the sector
In the tweet that he released from the accounts of the influential personalities, Graham mentioned that they (the personalities) would like to give back to the community for their support over the years. He pointed out that since everyone wants Bitcoin, they support digital assets too. He now sent ahead to promise the audience that anybody that sends Bitcoin to an address that he dropped would have their Bitcoin returned to them in double fold.
To put the audience into panic mode, Graham was said to have put a time cap of 30 minutes on the offer. Accounts including that of Barrack Obama, Uber tweeted the same messages. With all the troubles that they went through, Clark and his co hackers could only amass about $117,000 in Bitcoin from the scam.
The report also pointed out that his co-conspirators, Nima Fazeli and Mason Sheppard, would face crimes on the federal level. Scams of this nature have been rampant in the crypto sector for the past few years, with similar Bitcoin doubling messages popping up on YouTube. A famous event was the launch of Tesla’s Space X, where malicious actors swindled unsuspecting users of their digital assets.