Florida teen behind 2020's high-profile Twitter accounts pleads guilty to fraud charges

advertisement

Graham Ivan Clark, who prosecutors alleged took over the Twitter accounts of Joe Biden, Apple, Elon Musk, other prominent figures last year, pled guilty to fraud charges on Tuesday, according to Tampa Bay Times

The plea deal aims to give Clark a three-year prison sentence and three years' probation. Prosecutors alleged at the time that Clark organized the hack of over 30 high-profile Twitter accounts to trick followers into sending him Bitcoin. 

Once an account was compromised, it was used to either request for Bitcoin donations or promise that any Bitcoin sent to the posted address would be doubled. The event took place in waves, beginning with a series of cryptocurrency exchanges, firms and personalities. 

Two others allegedly helped Clark in the attack. They netted 30.4 Bitcoin and sent 56% of the stolen coins through mixers like Chip Mixer and Wasabi Wallet to obfuscate the source of the funds. All stolen assets have since been returned to their original owners.

Clark was 17 and thus a “youthful offender” at the time of his crimes, reports Tampa Bay Times. He avoided the minimum 10-year sentence adults would have faced — but it could still apply to him if the terms of probation are breached.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC
More