BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTNewsxbtusd

Twitter Hacker Responsible For Infamous Bitcoin Scam Sentenced To Three Years In Prison

Graham Ivan Clark, the 18-year old Tampa man responsible for hijacking several high-level accounts last year and using them to ask for BTC payments, is going to serve three years in prison following a plea agreement.

According to paperwork filed on March 15 in a Hillsborough court, Clark agreed to plead guilty to financial fraud charges in exchange for the three-year prison sentence and three years in probation. Clark can serve some of his sentences at a boot camp, Tampa Bay Times reported. Notably, the terms of the plea bargain allow Clark to be sentenced as a “youthful offender”. This simply means that he cannot serve more than a 6-year sentence.

He, however, is not allowed to use a computer without being supervised by Florida probation officers. He will also volunteer passwords of all the accounts under his control, in addition to allowing the police to conduct unlimited searches of his property. During his plea hearing today, Clark and his lawyer revealed that all the ill-acquired BTC had been surrendered to authorities for the purpose of compensation to the victims.  

The Twitter community was taken aback last July after over 130 profiles belonging to well-known celebrities, companies, and politicians including Elon Musk, Joe Biden, Uber, Apple, Kanye West, Wiz Khalifa, Barack Obama, Warren Buffett among others, sent peculiar messages. In particular, the hacked accounts were used to send tweets soliciting BTC, with the fake promise of doubling the investment of those sent bitcoin.

Posing as Barack Obama, the perpetrator wrote:

“I am …
Story continues on Zycrypto

Related posts
BitcoinBTC Trading ViewNewsNews 1TechnologyTrading View

Trump's former economic advisor explains why Bitcoin is not a 'reliable store of value'

On its way down, the price of Bitcoin often comes across many bearish sentiments claiming why the asset should not be trading high in the first place. In one such outlook, economic advisor to former PThe post Trump’s former economic…
ADAADAUSDCardanoCoinbasecoinbase procryptocurrencyNews

Cardano Gains Paramount Market Extension With Coinbase Pro Listing

Cardano (ADA), the fifth-largest cryptocurrency by market cap, is now listed on Coinbase Pro. Coinbase announced today the support for Cardano on its Coinbase Pro version as part of its recent order books expansion. Coinbase announcement reads in part: “Starting Today…
BinanceBitcoinNigeriaregulationStablecoinUSDT

Nigerian Startup Helping Residents Hedge Against Inflation with Stablecoins

Informal savings groups are fast gaining traction in Nigeria, as well as other parts of Africa and the Binance-backed Xend Finance is aiming to make life easier for participants through dollar-pegged stablecoins. Hedging Against Inflation with Stablecoins  Obtaining a loan…