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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. 

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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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Tesla stock slips after report EV maker is halting Cybertruck and Model Y production

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Tesla stock slips after report EV maker is halting Cybertruck and Model Y production

A Tesla Cybertruck sits on a lot at a Tesla dealership on April 15, 2024 in Austin, Texas. 

Brandon Bell | Getty Images

Tesla shares slid more than 2% Tuesday after a report that the electric vehicle maker was halting production of Cybertruck and Model Y models for a week in Austin, Texas.

The production stoppage begins June 30, Business Insider reported, citing a staff meeting where the announcement was made. The pause, which is for maintenance on production lines, would be the third such shutdown at the Austin facility in the past year, according to BI.

Tesla is tentatively launching the robotaxi in Austin on June 22, using Model Y vehicles equipped with a new version of the company’s “Full Self-Driving” technology.

CEO Elon Musk shared a video clip on X last week of a Model Y robotaxi on a road in Austin, adding to the buzz for the promised launch.

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CNBC has reached out to Tesla for comment on the reported pause.

Read the full BI story here.

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Tesla year-to-date stock chart.

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Reddit stock jumps after company rolls out new AI advertising tools

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Reddit stock jumps after company rolls out new AI advertising tools

Thomas Fuller | Lightrocket | Getty Images

Reddit shares popped about 5% after the social media company debuted new artificial intelligence-powered advertising tools.

The two new features, announced Monday in a post during the Cannes Lions festival, will help brands better leverage discussions on the platform. The company said the tools are powered by an engine called Reddit Community Intelligence that turns “posts and comments into structured intelligence.”

Reddit announced a “listening tool” called Reddit Insights, which shares real-time insights with marketers to help them identify trends and launch campaigns. The other tool, called Conversation Summary Add-ons, allows brands to show “positive” user content under their ads.

“These are tools for a new era of community marketing, one where brands can tap into Reddit’s authenticity and connect meaningfully with high-intent communities around the world,” the company wrote.

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The company said Publicis served as the exclusive alpha tester for Reddit Insights, while Lucid and Jackbox Games were among the early testers for Conversation Summary Add-Ons.

Companies across industries are betting on new ways to harness AI to improve advertising campaigns and better engage with users. These new tools are transforming the industry while also putting pressure on some advertising stalwarts.

The industry is also currently navigating a bumpy environment spurred by the trade war with China.

During the recent earnings season, many companies warned of sluggish advertising sales in certain regions due to a rocky macroeconomic environment. Recent developments, however, have suggested a cooling of tensions between the U.S. and China.

Last month, Reddit posted strong sales and upbeat guidance. The company has benefited from recent changes to Google search and internal site improvements, which include convincing logged-out users to open accounts. Logged-in accounts are more beneficial to advertisers.

WATCH: Outgoing WPP CEO says AI will ‘revolutionize’ advertising business

Outgoing WPP CEO says AI will 'revolutionize' advertising business

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Spotify’s Daniel Ek leads $694 million investment in defense startup Helsing

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Spotify's Daniel Ek leads 4 million investment in defense startup Helsing

Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield.

Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images

European defense technology startup Helsing on Tuesday said that it’s raised 600 million euros ($693.6 million) in a bumper new round of funding.

The investment was led by Prima Materia, the venture capital firm founded by Spotify CEO Daniel Ek and by Shakil Khan, an early investor in the popular music streaming app. Ek is also chairman of Helsing.

Existing investors Lightspeed Venture Partners, Accel, Plural, General Catalyst and Saab also put money in, alongside new investors BDT & MSD Partners.

Defense and the technology behind it have become a hot area for investors lately, amid major global conflicts, including the Ukraine war to Israel-Gaza. Last week saw a further escalation of war in the Middle East as Israel launched a series of airstrikes against Iran.

In 2024, venture funding in Europe’s defense, security and resilience sector reached an all-time high of $5.2 billion, according to a recent report from the NATO Innovation Fund. The sector grew 30% in the past two years, outperforming the broader VC market, which saw a 45% decline over the same period.

Founded in 2021, Helsing sells software that uses artificial intelligence technology to analyze large amounts of sensor and weapons system data from the battlefield to inform military decisions in real time. Last year, the startup also began manufacturing its own line of military drones, called HX-2.

Helsing, which operates in the U.K., Germany and France, said it would use the fresh cash to invest in Europe’s “technological sovereignty” — which refers to attempts to onshore the development and production of critical technologies, such as AI.

“As Europe rapidly strengthens its defence capabilities in response to evolving geopolitical challenges, there is an urgent need for investments in advanced technologies that ensure its strategic autonomy and security readiness,” Ek said in a statement out Tuesday.

Helsing did not disclose its new valuation following the latest financing round, which is subject to “certain approvals,” according to a statement. The firm was previously valued at around 5 billion euros in a 450 million euro funding round led by General Catalyst last year.

90% of defense executives say the future will be dictated by software-defined products, says Accenture A&D Lead

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