Joseph O’Connor was charged with wire fraud, computer hacking, money laundering and identity theft.

Joseph O’Connor, known in some corners of the Internet as PlugWalkJoe, was indicted in May 2019 on a number of charges related to the hacking of a cryptocurrency exchange. During the attack, he is said to have escaped with about $784,000 worth of digital assets.

Authorities believe that in the criminal scheme, O’Connor used SIM swapping attacks (a scam that redirects 2FA phone calls and text messages to a device controlled by the scammer) on three different executives of an unnamed cryptocurrency company to gain control of their schemes. employers. O’Connor then may have transferred more than 7 BTC, 407 ETH, 6363 LTC and 770 BCH from wallets the company manages on behalf of its users to wallets under his own control.

The charges were filed by the US Attorney’s Office for the Southern District of New York, known for prosecuting high-profile financial crimes. The case has been assigned to Judge Richard Berman and is being investigated by the FBI. O’Connor is specifically charged with conspiracy to hack into a computer, conspiracy to commit wire fraud, conspiracy to commit money laundering, and aggravated identity theft. The identity theft count includes a mandatory minimum of two years in prison, which must be served after any other conviction.

O’Connor is currently pursuing extradition from Spain to the United States, where he was arrested in July on charges filed in the Northern District of California in connection with a 2020 Twitter hack in which he allegedly took control of 130 different known Twitter accounts. – including Barack Obama, Elon Musk, Apple and Kanye West. The perpetrators used these accounts to promote a cryptocurrency scam before going into hiding after scamming around $110,000.

Source: CoinTelegraph

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