PlugWalkJoe charged with $ 784,000 in crypto theft

Joseph O’Connor, known in some corners of the internet as “PlugWalkJoe”, He has been charged with a number of charges Hacked a cryptocurrency exchange in May 2019. During the attack, it is believed that O’Connor took away approximately $ 784,000 worth of digital assets.

In his criminal case, authorities believe that O’Connor used SIM swapping attacks (a fraud scheme that redirects phone calls and messages from 2FA to a fraudulent-controlled device) against three different executives of an undisclosed cryptocurrency company to control via its employee systems or O’Connor could have been more distracting than 7 BTC, 407 ETH, 6,363 LTC and 770 BCH from corporate wallets on behalf of its users to wallets under its control.

The indictment was brought by the U.S. Attorney’s Office in the Southern District of New York, known for prosecuting high-profile financial crimes. The case will be assigned to Judge Richard Berman and will be investigated by the FBI. O’Connor is specifically charged with conspiracy to hack computers, conspiracy to commit wire fraud, conspiracy to commit money laundering and aggravated identity theft. Identity theft charges carry a mandatory minimum prison term of two years after any other sentence imposed.

PlugWalkJoe charged with $ 784,000 in crypto theft
PlugWalkJoe charged with $ 784,000 in crypto theft

O’Connor is currently battling extradition from Spain to the United States, where he was arrested in July on charges in the Northern District of California related to the 2020 Twitter hack that allegedly stole several of the largest accounts to control the social network, including those of Barack Obama, Elon Musk, Apple and Kanye West. The perpetrators used these accounts to promote cryptocurrency scams before stealing around $ 110,000 in illicit profits.

Similar Posts