17-year-old arrested for the big Bitcoin Twitter hack

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Last Updated on 13 September 2023 by CryptoTips.eu

While the Bitcoin price continues to climb to $11,600 and more traders believe in a possible bull run, U.S. authorities arrested a 17-year-old boy deemed responsible for the big Bitcoin Twitter hack a few weeks ago. Twitter has also released more information about how the hackers gained access to the verified accounts.

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Clark, Chaewon and Rolex

As you probably remember, the Twitter accounts of former president Obama, Bill Gates, Elon Musk and many others were recently hacked and a Bitcoin payment was requested.

All accounts of very well-known people promised, during the hack on 15 July, to pay back the double amount that people sent to them in Bitcoin. Of course, the latter never happened, but many people fell into the trap.

The U.S. authorities last night arrested a seventeen-year-old named Graham Ivan Clark for the large-scale hack as well as the Bitcoin scam that earned him over a hundred thousand dollars in just a few hours. He is suspected of being the mastermind behind the Bitcoin Twitter hack.

Together with his companions, 19-year-old Mason Sheppard, alias Chaewon, and 22-year-old Nima Fazeli, alias Rolex, from Orlando, Florida, they painfully demonstrated the security gaps in Twitter.

Bitcoin climbs further to $11,600

Not only did the Bitcoin Twitter hack bring worldwide attention to the world’s most famous cryptocurrency, but it also seemed to coincide with the eventual outbreak of the Bitcoin price in the range between $9,000 and $10,000 in which the currency have been trapped for several weeks. After all, at the beginning of this week Bitcoin rose to $11,000 and in the last 24 hours it even reached the level of $11,600.

Traders are increasingly convinced that Bitcoin will soon climb to $12,000 and that the start of a possible bull run is closer.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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