‘PlugWalkJoe’ charged with $784,000 cryptocurrency theft program

Joseph O’Connor, known as PlugWalkJoe in some corners of the Internet, is be accused Regarding a series of allegations related to the cryptocurrency transaction hack in May 2019. During the attack, he allegedly absconded with approximately $784,000 worth of digital assets.

In the criminal plan, the authorities believe that O’Connor used a SIM swap attack (a fraudulent method that reroutes 2FA calls and text messages to devices controlled by scammers) to control three independent executives of an undisclosed cryptocurrency company employer system. O’Connor may then transfer more than 7 BTC, 407 ETH, 6363 LTC and 770 BCH from the wallet maintained by the company on behalf of the user to the wallet under his own control.

The indictment is bring Initiated by the U.S. Attorney’s Office in the Southern District of New York, the office is known for prosecuting high-profile financial crimes. The case has been assigned to Judge Richard Berman and will be investigated by the FBI. O’Connor was specifically charged with conspiracy to commit computer hacking, conspiracy to commit wire fraud, conspiracy to commit money laundering, and serious identity theft. The crime of identity theft must be sentenced to at least two years’ imprisonment and serve consecutive sentences with any other sentence.

O’Connor is currently seeking extradition from Spain to the United States, where he Arrested In July, a lawsuit was filed in Northern California for the 2020 Twitter hacking incident. He allegedly controlled 130 independent and well-known Twitter accounts-including the accounts of Barack Obama, Elon Musk, Apple, and Kanye West . Criminals use these accounts to promote cryptocurrency scams, and then profit about $110,000 from ill-gotten gains.