PANews reported on November 17th that, according to Sky News, British prosecutors revealed that 26-year-old British man Joseph James O'Connor hacked into the accounts of several celebrities to defraud them of Bitcoin and has been ordered to return approximately £4.1 million in cryptocurrency. In 2023, he was sentenced to five years in prison in the United States for crimes including computer hacking, wire fraud, and extortion. O'Connor was arrested in Spain in 2021, and his extradition was ordered by the Spanish High Court because the evidence and victims were all located in the United States, making the US the most suitable place for prosecution. In July 2020, the social media platform X suffered a massive hack, compromising the accounts of celebrities such as Obama, Biden, and Bezos. O'Connor, along with accomplices, used these hacked accounts to set up a scam, tricking users into sending $1,000 worth of Bitcoin with a promise of double the return, thereby stealing over $794,000 worth of cryptocurrency and also threatening the celebrities. This Monday, the UK Crown Prosecution Service announced it had obtained a civil suit order to seize assets including 42 bitcoins. This valuation was determined after his assets were frozen, and the prosecution secured the freeze during extradition proceedings.PANews reported on November 17th that, according to Sky News, British prosecutors revealed that 26-year-old British man Joseph James O'Connor hacked into the accounts of several celebrities to defraud them of Bitcoin and has been ordered to return approximately £4.1 million in cryptocurrency. In 2023, he was sentenced to five years in prison in the United States for crimes including computer hacking, wire fraud, and extortion. O'Connor was arrested in Spain in 2021, and his extradition was ordered by the Spanish High Court because the evidence and victims were all located in the United States, making the US the most suitable place for prosecution. In July 2020, the social media platform X suffered a massive hack, compromising the accounts of celebrities such as Obama, Biden, and Bezos. O'Connor, along with accomplices, used these hacked accounts to set up a scam, tricking users into sending $1,000 worth of Bitcoin with a promise of double the return, thereby stealing over $794,000 worth of cryptocurrency and also threatening the celebrities. This Monday, the UK Crown Prosecution Service announced it had obtained a civil suit order to seize assets including 42 bitcoins. This valuation was determined after his assets were frozen, and the prosecution secured the freeze during extradition proceedings.

A British hacker was ordered to repay over £4 million in Bitcoin after breaching a celebrity's account.

2025/11/17 21:30

PANews reported on November 17th that, according to Sky News, British prosecutors revealed that 26-year-old British man Joseph James O'Connor hacked into the accounts of several celebrities to defraud them of Bitcoin and has been ordered to return approximately £4.1 million in cryptocurrency. In 2023, he was sentenced to five years in prison in the United States for crimes including computer hacking, wire fraud, and extortion. O'Connor was arrested in Spain in 2021, and his extradition was ordered by the Spanish High Court because the evidence and victims were all located in the United States, making the US the most suitable place for prosecution.

In July 2020, the social media platform X suffered a massive hack, compromising the accounts of celebrities such as Obama, Biden, and Bezos. O'Connor, along with accomplices, used these hacked accounts to set up a scam, tricking users into sending $1,000 worth of Bitcoin with a promise of double the return, thereby stealing over $794,000 worth of cryptocurrency and also threatening the celebrities. This Monday, the UK Crown Prosecution Service announced it had obtained a civil suit order to seize assets including 42 bitcoins. This valuation was determined after his assets were frozen, and the prosecution secured the freeze during extradition proceedings.

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The post Mt. Gox moves $936M in Bitcoin after eight-month dormancy appeared on BitcoinEthereumNews.com. Key Takeaways Mt. Gox moved $936 million in Bitcoin after eight months of inactivity. The movement relates to the exchange’s ongoing court-supervised creditor repayment process. Mt. Gox, the defunct crypto exchange, moved $936 million worth of Bitcoin today after remaining dormant for eight months. The transfer involved shifting Bitcoin to a new wallet address, marking the first significant activity from the exchange’s holdings since March. The movement comes as Mt. Gox continues its court-supervised creditor repayment process. The rehabilitation trustee has extended the deadline for creditor reimbursements to allow more time for managing Bitcoin distributions. Mt. Gox has been gradually shifting Bitcoin to new addresses as part of its ongoing efforts to repay creditors. The exchange collapsed in 2014 following a massive hack that resulted in the loss of around 850,000 Bitcoin. The latest wallet activity suggests preparations may be underway for additional creditor payments, though the exchange has not disclosed specific timelines for distributions. Mt. Gox began returning funds to creditors in 2024 after years of legal proceedings. This is a developing story. Source: https://cryptobriefing.com/mt-gox-moves-936m-in-bitcoin-after-eight-month-dormancy/
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BitcoinEthereumNews2025/11/18 12:58