Account takeovers allegedly used to plunder digital wallets
Two men from Massachusetts have been arrested and charged with 11 criminal counts stemming from a string of account takeovers and cryptocurrency thefts.
21 year-old Eric Meiggs and 20 year-old Declan Harrington each face charges of wire fraud, conspiracy, computer fraud and abuse, and aggravated identity theft for their alleged roles in a crime spree stretching from November of 2017 to May of 2018, which resulted in the theft of $550,000 worth of cryptocoins.
Prosecutors say that Meiggs, of Brockton, and Harrington, of Rockport, specifically targeted executives of cryptocurrency firms and other known high-rollers for account takeovers, with the aim of draining the targets' cryptocurrency wallets.
Additionally, the pair sought to take ownership of highly-valuable "OG" social media accounts created in the early days of their respective networks when common names were still available.
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