Last updated on August 26th, 2022 at 03:38 pm
More facts emerged Monday that the alleged July 15 Twitter hack mastermind Graham Clark owns 265.08687815 bitcoin. That’s more than 3.3 US million dollars, reports say.
The 17-year old hacker appeared on a video screen at the Hillsborough County Courthouse where the judge says he’s facing 29 count charges.
Each charge is set at $25,000, the 29 counts totalling $725,000, report the United States says.
Graham Clark, made headlines on Friday when he was charged with 30 counts of organized fraud, fraudulent use of personal information and communications fraud.
He was accused of being the brain behind the July 15 Twitter hack, which saw a large number of high profile Twitter accounts breached.
He hacked prominent Twitter accounts of world wealthiest man Jeff Bezos, billionaire boxer Floyd Mayweather, Elon Musk, billionaire music icon Kanye West, Joe Biden, investment icons like Mike Bloomberg and Warren Buffett, and more than 100 other Twitter accounts.
Recall that Graham Clark was arrested alongside two other accomplices and are also awaiting federal charges.
Report says, the 17-year old Graham Clark would be charged with state charges, as opposed to federal due to his age.
During on Monday, the prosecutors and defense attorneys engaged each other over the proper amount of bail to set for Clark.
Graham Clark As a Known Bitcoin Criminal
According to defense attorney, Clark was under a criminal investigation in 2019, which led to law enforcement taking 400 BTC from him.
However, defense attorney David Weisbrod told the court that the police had returned 300 BTC back to Clark, noting that this proves the funds did he had been using money in his possession to execute criminal activities hiding under the anonymity of cryptocurrency.
Report form the Court says that Weisbrod asked Judge Ober to set bail at $20,000, prompting Judge Ober to set the bail much higher, setting at $25,000 per 29 counts or a total of $725,000.
Why higher bail condition?
The judge believed that Graham Clark still has in his possession illegal bitcoin he dubious collected from unsuspecting members of the public.
It’s gathered that the 17-year boy only garnered $117,000 worth of BTC on July 15, but the judge believes that he’s still in possession of illicit BTC.
The judge also stated that Clark wears an electronic tracking device if he posted bail. The boy is expected to surrender his passport and he is barred from accessing the internet during his trial.