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An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022. 

STR | Nurphoto | Getty Images

LONDON — A U.K. man pleaded guilty to helping orchestrate a high-profile hack on the Twitter accounts of numerous celebrities and politicians including Elon Musk, Joe Biden and Kanye West.

Joseph O’Connor, 23, who is known under an online alias as “PlugwalkJoe,” submitted his guilty plea in a New York court on Tuesday, according to a Department of Justice press release. He was extradited from Spain last month.

O’Connor pleaded guilty to conspiracy to commit computer intrusion, committing computer intrusions, making extortive and threatening communications, cyberstalking, and conspiracy to commit wire fraud and money laundering. Combined, the charges carry a maximum sentence of 77 years, the Justice Department said.

Assistant Attorney General Kenneth Polite of the Justice Department’s criminal division said that O’Connor’s activities were “flagrant and malicious.”

“He harassed, threatened, and extorted his victims, causing substantial emotional harm,” Polite, Jr. said in a statement Tuesday.

“Like many criminal actors, O’Connor tried to stay anonymous by using a computer to hide behind stealth accounts and aliases from outside the United States. But this plea shows that our investigators and prosecutors will identify, locate, and bring to justice such criminals to ensure they face the consequences for their crimes.”

The attack, which took place in 2020, targeted about 130 people, Twitter said at the time. Hackers took control of the accounts to promote a bitcoin scam, directing users to send the funds to several bitcoin addresses.

Twitter said in 2020, shortly after the cyberattack took place, that it believes the hack was a “coordinated social engineering attack” on its employees — in other words, insiders at the company were tricked into handing over access to internal systems and tools.

The attackers were able to gain access to Twitter’s internal controls by compromising a small number of employees, according to a July 2020 Twitter blog post.

“O’Connor communicated with others regarding purchasing unauthorized access to a variety of Twitter accounts, including accounts associated with public figures around the world,” the Justice Department said Wednesday.

“A number of Twitter accounts targeted by O’Connor were subsequently transferred away from their rightful owners. O’Connor agreed to purchase unauthorized access to one Twitter account for $10,000.”

‘Impressive trail of destruction’

O’Connor was also charged and pled guilty for his role in a SIM-swapping attack, which is when an attacker convinces a mobile phone carrier to transfer a person’s phone number to their device to bypass multi-factor authentication on online accounts.

The attack targeted several high-profile companies and executives in the cryptocurrency industry including Binance, Tron founder Justin Sun, and Litecoin founder Charlie Lee, and resulted in the theft of $794,000 in digital assets, according to the Justice Department. O’Connor agreed to forfeit the $794,000 to the court and to pay restitution to the victims of his crimes, the DOJ said.

O’Connor also compromised the account of “one of the most highly visible TikTok accounts” and threatened to release sensitive, personal material related to the cyberattack victim to individuals who joined a specified server on the chat app Discord, the Justice Department said.

U.S. Attorney Ismail J. Ramsey for the Northern District of California said O’Connor “left an impressive trail of destruction” in the wake of his wave of criminality.

“This case serves as a warning that the reach of the law is long, and criminals anywhere who use computers to commit crimes may end up facing the consequences of their actions in places they did not anticipate,” Ramsey said.

O’Connor was one of four individuals charged over the scheme. In 2021, American teenager Graham Ivan Clark pleaded guilty to fraud charges.

Nima Fazeli of Orlando, Florida, and Mason Sheppard, of Bognor Regis in the U.K. have also been charged in relation to the hack.

O’Connor was arrested in July 2021 in Estepona, a resort town on the Costa del Sol in southern Spain, by Spanish National Police at the request of U.S. authorities.

Robert Herjavec on the high profile Twitter hack and cybersecurity

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Spotify restores service after Wednesday outage

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Spotify restores service after Wednesday outage

The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023.

Brendan Mcdermid | Reuters

Spotify was down Wednesday, with about 50,000 reports of an outage on Downdetector.

The company posted an all-clear to social media site X just after noon EDT, thanking listeners for their patience.

“Spotify experienced an outage today beginning around 6:20am EDT. As of 11:45am EDT, Spotify is back up and functioning normally,” the company said in a statement.

The music-streaming giant did not provide additional details about the scope of the outage.

Users peppered the replies to the company’s outage announcement with frustrations and memes.

“I’ll just hum to myself,” wrote user @alexissTyler.

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The company recently reported its first profitable year and said it paid a record $10 billion in royalties to the music industry.

Nearly 1,500 artists generated more than $1 million individually, according to Spotify’s annual Loud and Clear Report, and more than 80% of those in that pool did not have a song reach the app’s Global Daily Top 50 Chart.

The app has added new advertising features in recent months.

Earlier in April, the company released new generative artificial intelligence ads and reported that automated ad channels drove $2 billion in ad spending with digital audio since the beginning of the year.

Out of the company’s 675 million monthly active users, more than half are free users who are served ads when they stream music.

This is a developing story. Please check back for updates.

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AMD expects $800 million hit from U.S. chip restrictions on China

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AMD expects 0 million hit from U.S. chip restrictions on China

Lisa Su, CEO of AMD, attends the Artificial Intelligence Action Summit at the Grand Palais in Paris, Feb. 10, 2025.

Benoit Tessier | Reuters

Shares of Advanced Micro Devices slid more than 5% on Wednesday after the company said it could incur charges of up to $800 million for exporting its MI308 products to China and other countries.

“The Company expects to apply for licenses but there is no assurance that licenses will be granted,” AMD said in the filing with the Securities and Exchange Commission.

The new U.S. license requirement, which applies to exports of certain semiconductor products, would hit inventory, purchase commitments and related reserves, AMD said in the filing.

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AMD is one of the companies that builds the hardware behind the artificial intelligence boom. The company claims its AMD Instinct MI300 Series accelerators are “uniquely well-suited to power even the most demanding AI and HPC workloads,” according to its website.

It generated a “record” revenue of $25.8 billion in 2025, according to its February earnings release, but the new export restrictions could slow growth.

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AMD one month stock chart.

Nvidia, an AMD competitor, released a similar disclosure on Tuesday. The company said it will take a quarterly charge of about $5.5 billion for exporting H20 graphics processing units.

China is Nvidia’s fourth-largest region by sales, after the U.S., Singapore, and Taiwan, according to the company’s annual report. More than half of its sales went to U.S. companies in its fiscal year that ended in January.

–CNBC’s Kif Leswing and Jordan Novet contributed to this report.

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Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls

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Chip stocks fall as Nvidia, AMD warn of higher costs from China export controls

Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference at the SAP Center in San Jose, California, on March 18, 2025.

Brittany Hosea-small | Reuters

Technology stocks declined Wednesday, led by a 5% drop in Nvidia, as the chipmaking sector signaled that President Donald Trump‘s sweeping tariff plans could hamper demand and growth.

Nvidia revealed in a filing Tuesday that it will take a $5.5 billion charge tied to exporting its H20 graphics processing units to China and other countries and said that the government will require a license to ship the chips there and other destinations.

The chip was designed specifically for China use during President Joe Biden’s administration to meet U.S. export restrictions barring the sale of advanced AI processors, which totaled an estimated $12 billion to $15 billion in revenue in 2024. Advanced Micro Devices said in a filing Wednesday that the latest export controls on its MI308 products could lead to an $800 million hit.

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Chipmaking stocks have struggled in the wake of President Donald Trump’s sweeping U.S. trade restrictions, sparked by fears that higher tariffs will stifle demand.

The disclosures from Nvidia and AMD are the first major signs that Trump’s fierce battle with China could significantly hamper chip growth. The administration has made some exemptions for electronics, including semiconductors, but has warned that separate tariffs could come down the road.

Adding to the sector worries was a disappointing print from Dutch semiconductor equipment maker ASML. The company missed order expectations and said that tariff restrictions create demand uncertainty. Shares fell about 5%.

The VanEck Semiconductor ETF fell more than 4%, with AMD plunging more than 5%. Micron Technology, Marvell Technology and Broadcom sank about 2% each. Equipment makers Applied Materials and Lam Research fell about 3% each.

The declines spilled over into the broader market and tech-heavy Nasdaq Composite, which dropped nearly 2%. Meta Platforms, Alphabet and Tesla lost about 2% each. Amazon, Microsoft and Apple were last down about 1% each.

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