17-year-old mastermind accused of bitcoin scam

A 17-year-old in Tampa, Florida, is being accused of scamming people into sending bitcoins to Twitter accounts from celebrities like Elon Musk, Bill Gates, Barack Obama and many more.

The teen, whose name and photo CNBC is not publishing because he is a minor, was arrested and charged, Hillsborough State Attorney Andrew Warren’s office announced Friday.

“These crimes were committed using the names of famous people and celebrities, but they are not the primary victims here,” Warren said in a statement. “This bit-con ‘was created to steal the money of regular Americans from all over the country, including here in Florida. This massive fraud was committed right here in our backyard, and we won’t stand for it.”

Warren’s office has made 30 felony charges against the 17-year-old. The charges include organized fraud, communication fraud, fraudulent use of personal information and use of computers or electronic equipment without authorization. According to Warren’s office, the July scandal involved Bitcoin worth over $ 100,000 on July 15.

Twitter provided its most recent update to the attack on Thursday evening.

“Social engineering, which took place on July 15, 2020, targeted a small number of employees through a phone spear fishing attack.” Twitter said in a blog post. “A successful attack requires attackers to gain access to our internal network as well as specific employee credentials that give them access to our internal support tools. All of the employees initially targeted use account management tools. Were not allowed to use, but the attackers used their credibility to access our internal systems and gain information about our processes.

Twitter admitted the allegations and the arrest on Friday.

Twitter said in a tweet, “We appreciate the swift action of law enforcement in this investigation and will continue to cooperate as the case progresses.” “For our part, we are focused on being transparent and providing regular updates.”


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