Recall the 2020 monumental Twitter Bitcoin Scam where accounts of famous individuals like Jeff Bezos, Bill Gates, Joe Biden, Binance, Coinbase were compromised to run a Bitcoin giveaway scam. The perpetrator has been sentenced to jail.
The mastermind of the global hack that shook both the crypto space and the tech world was only a 17-year-old teenager who has now turned 18-years-old, Graham Ivan Clark. He was sentenced to three-years imprison by a Florida court because he is a teenager. Other disciplinary clauses were also added to his jail term, however.
The 2020 monumental Twitter Bitcoin scam
The heist was a case of an unusual hack, common scam. Clark took the entire world by surprise on Wednesday, July 15, 2020. The young boy managed to hack the aTwitter account of over 100 influential figures and major crypto companies like Binance, Coinbase, and Gemini.
After compromising these accounts fraudulently, he declared a Bitcoin giveaway asking people to send BTC to a particular address to get double. As gullible as the idea was, many people fell for the scam, thinking it was from the accounts’ actual owners.
Reportedly, Clark compromised 130 high-profile Twitter accounts and raked in Bitcoin worth $110,000 before Twitter brought down the scam message. According to the Florida Department of Law Enforcement, Clark, who was 17 years old at the time, was able to carry out the elaborate Twitter hack by tricking employees of the platform into gaining access to the company’s internal tools. Clark also gained control of Twitter’s customer service portal.
The Twitter Bitcoin scam would remain evergreen in the minds of the crypto community and beyond.
Clark’s jail sentence and other sanctions
The young hacker faced 30 count charges and was sentenced as a youthful offender according to an agreement. It made him avoid the minimum 10-year sentence for crimes of such nature. The 18-year old teenager would serve a three-year jail term and three years probation. Some of his sentence would be at a boot camp.
Clark would also give up passwords to unlimited accounts he owns and be prohibited from using electronic gadgets without law enforcement officials’ permission and supervision.
He also returned all the stolen cryptocurrency for restitution. However, if Clark violates any of the terms of the agreement, he could serve the minimum 10-year jail term in an adult prison.
Two other young men were also charged over the hack 20-year-old Mason Sheppard of the United Kingdom and 23-year-old Nima Fazeli of Orlando. Their cases continue.