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UK Wins Civil Order to Seize £4.1 Million in Crypto From 2020 X/Twitter Hack

A High Court civil recovery order compels Joseph James O’Connor to surrender crypto for liquidation, ensuring he does not profit despite being prosecuted in the United States.

Overview

  • Prosecutors said the order, granted last week, covers 42 Bitcoin and other assets worth about £4.1 million as of November 10, which a court‑appointed trustee will liquidate.
  • The CPS used proceeds‑of‑crime powers following earlier freezing orders, emphasizing that civil recovery can block illicit gains even without a UK conviction.
  • O’Connor, 26, pleaded guilty in the Southern District of New York in 2023 and received a five‑year sentence, with orders to forfeit $794,012 and pay $2.19 million in restitution.
  • The July 2020 attack used social engineering and SIM‑swapping to access internal Twitter tools, hijacking more than 130 high‑profile accounts for a “double your money” Bitcoin scheme and extortion threats.
  • Investigators said the crypto was held in UK accounts opened by two associates who disclaimed any interest, and the stash grew substantially in value since the 2020 theft.