A 17-year-old was arrested for being the “mastermind” of the massive bitcoin Twitter hack

A 17-year-old boy from Tampa, Florida was arrested by the FBI, IRS, US Secret Service, and Florida law enforcement, who accuse the teenager of being the "mastermind" behind the Bitcoin scam Twitter hack that compromised the accounts of over a dozen famous people including Elon Musk, Joe Biden, Bill Gates, and President Obama.

Here's the press release from Andrew H Warren, in the Office of the State Attorney 13th judicial circuit:

Hillsborough State Attorney's Office tapped to prosecute worldwide Bit-Con" hack of prominent Twitter users

Tampa, FL (July 31, 2020) - Hillsborough State Attorney Andrew Warren has filed 30 felony charges against a Tampa resident for scamming people across America, perpetrating the Bit-Con" hack of prominent Twitter accounts including Bill Gates, Barack Obama, and Elon Musk on July 15, 2020.

The Federal Bureau of Investigation and the U.S. Department of Justice conducted a complex nationwide investigation, locating and apprehending the suspect in Hillsborough County.

These crimes were perpetrated using the names of famous people and celebrities, but they're not the primary victims here. This Bit-Con' was designed to steal money from regular Americans from all over the country, including here in Florida. This massive fraud was orchestrated right here in our backyard, and we will not stand for that," State Attorney Warren said.

The investigation revealed REDACTED, 17, was the mastermind of the recent hack of Twitter. He was arrested in Tampa early on July 31. REDACTED's scheme to defraud stole the identities of prominent people, posted messages in their names directing victims to send Bitcoin to accounts associated with REDACTED, and reaped more than $100,000 in Bitcoin in just one day. As a cryptocurrency, Bitcoin is difficult to track and recover if stolen in a scam.

I want to congratulate our federal law enforcement partners-the US Attorney's Office for the Northern District of California, the FBI, the IRS, and the Secret Service-as well as the Florida Department of Law enforcement. They worked quickly to investigate and identify the perpetrator of a sophisticated and extensive fraud," State Attorney Warren said.

This defendant lives here in Tampa, he committed the crime here, and he'll be prosecuted here," Warren added. The Hillsborough State Attorney's Office is prosecuting REDACTED because Florida law allows minors to be charged as adults in financial fraud cases such as this when appropriate. The FBI and Department of Justice will continue to partner with the office throughout the prosecution.

The specific charges REDACTED faces are:

ORGANIZED FRAUD (OVER $50,000) - 1 count

COMMUNICATIONS FRAUD (OVER $300) - 17 counts

FRAUDULENT USE OF PERSONAL INFORMATION (OVER $100,000 OR 30 OR MORE VICTIMS) - 1 count

FRAUDULENT USE OF PERSONAL INFORMATION - 10 counts

ACCESS COMPUTER OR ELECTRONIC DEVICE WITHOUT AUTHORITY (SCHEME TO DEFRAUD) - 1 count

Working together, we will hold this defendant accountable," Warren said. 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 fraud, it's illegal, and you won't get away with it."