Federal authorities were already tracking Mr. Clark before the Twitter hack. In April, the Secret Service seized over $700,000 worth of Bitcoin from him, according to legal documents. The Tampa youth faces 30 felony charges, including fraud, and is being charged as an adult.
The Twitter hack began on July 15 as an effort to steal and sell unusual user names. It quickly escalated, as the hackers took over accounts belonging to cryptocurrency companies and celebrities. The scheme netted Bitcoin worth more than $180,000.
The hackers tweeted from 45 of the accounts, accessed the direct messages of 36 accounts, and downloaded full information from seven accounts. They gained access to internal Twitter systems by stealing login information from employees, then used their access to reset passwords on the accounts.
"We appreciate the swift actions of law enforcement in this investigation and will continue to cooperate as the case progresses," a Twitter front man said.
Hackers involved in the breach told The New York Times
...which still proudly displays Walter Duranty's Pulitzer prize...
that they had been quietly selling stolen user names when one person involved in the group suddenly launched the Bitcoin scam before disappearing.
"Working together, we will hold this defendant accountable," said Andrew Warren, the state attorney of Hillsborough County, Fla., in a statement. "Scamming people out of their hard-earned money is always wrong. Whether you’re taking advantage of someone in person or on the internet, trying to steal their cash or their cryptocurrency — it’s a fraud, it’s illegal, and you won’t get away with it."
