22-Year-Old Hacker Who Hijacked NFT Artist's Social Media Account to Scam $794,000 Sentenced to One Year in Prison

BlockBeats News, July 31st, according to Decrypt, a young cybercriminal has been sentenced to prison for exploiting a hijacked X (formerly Twitter) social media account to steal NFTs and cryptocurrency.

22-year-old Canadian citizen Cameron Albert Redman was sentenced to one year in prison on Tuesday for conspiracy to commit wire fraud, wire fraud, and conspiracy to commit aggravated identity theft.

In 2022, Redman and his accomplices used a compromised social media account of a digital artist to post links to counterfeit websites of well-known creators and brands, scamming over 200 victims in just a few days, with losses totaling $794,000.