Powered by

Artificial Intelligence

“PlugWalkJoe” indicted for $784k cryptocurrency theft scheme

Joseph O’Connor, recognized in some corners of the web as PlugWalkJoe, was indicted on an array of prices regarding a Could 2019 cryptocurrency change hack. Throughout the assault, he’s alleged to have absconded with digital belongings valued at roughly $784,000.

Within the prison scheme, authorities consider O’Connor utilized SIM swap assaults (an artifice of fraud the place 2FA cellphone calls and textual content messages are rerouted to a tool managed by the scammer) on three separate executives at an undisclosed cryptocurrency firm to take management of their employers programs. O’Connor could have then diverted over 7 BTC, 407 ETH, 6363 LTC and 770 BCH from wallets maintained by the company on behalf of their customers to wallets underneath his personal management.

The indictment was brought by the US Legal professional’s workplace within the Southern District of New York, which is well-known for its prosecution of excessive profile monetary crimes. The case is assigned to Choose Richard Berman and was investigated by the FBI. O’Connor is particularly charged with conspiracy to commit laptop hacking, conspiracy to commit wire fraud, conspiracy to commit cash laundering and aggravated id theft. The id theft depend carries a compulsory minimal of two years in jail to be served consecutive to some other sentence imposed.

O’Connor is at present preventing extradition to the US from Spain, the place he was arrested in July on prices introduced within the Northern District of California associated to the 2020 Twitter hack wherein he’s alleged to have gained management of 130 separate distinguished twitter accounts — together with these of Barack Obama, Elon Musk, Apple and Kanye West. The responsible events used these accounts to advertise a cryptocurrency rip-off earlier than making off with about $110k in sick gotten positive factors.


Share this post:

Leave a Reply

Stay Connected

To stay on top of the ever-changing world of cryptocurrency, subscribe now to our newsletters.

Subscribe To Our Weekly Newsletter

Get notified for our latest news
We’ll never spam your inbox

At Upshot Firm, we can help your business automate using latest technologies, like New Website Development, Applications (Apps) Creation, Blockchain Integration, Artificial Intelligence (AI) process managment. We also have experience in Smart Marketing and have access to influencer.