Twitter Hacking Scandal Exposed: Offenders Sentenced to Pay Massive Fines

Updated
July 30, 2025

Jakarta, Pintu News – In June 2022, a major security breach occurred at Twitter, where Albert Redman managed to access and sell Twitter’s internal admin panel.

This incident resulted in huge losses with several high-profile accounts being victimized. Now, a US court has decided on Redman’s punishment, marking an important step in the fight against crypto fraud.

Check out the full chronology in this article!

Twitter Panel Access Sales

Albert Redman evidently sold access to Twitter’s admin panel for 250 Ethereum (ETH), which was worth hundreds of thousands of dollars at the time. This access allowed the buyer to control more than 10 prominent Twitter accounts.

The affected accounts included some big names like Beeple and Zeneca, which were then used to launch phishing scams.

The scam managed to trick the accounts’ followers and steal millions of dollars in cryptocurrency. This incident shows how crucial security is in the digital world, especially in fast-paced industries like crypto and NFTs.

Read also: Altlayer (ALT) August 2025 Price Prediction: Is it Ready to Break $0.045?

A US court has ordered Cameron Redman to pay compensation of $248,257.07 to the victim. This payment must be made within 14 days. If Redman goes to prison, he is encouraged to join a program that can help repay the funds.

This payment covers all assets, including those yet to be discovered. The US government reserves the right to collect such assets at any time, demonstrating its seriousness in dealing with crypto fraud cases. Some details of the case are still under wraps, adding complexity to the resolution of the case.

Read also: Solana (SOL) August Prediction: Can it Break $200?

ZachXBT’s role in solving the case

ZachXBT, a crypto investigator, played an important role in uncovering this crime. Thanks to his efforts, many online fraudsters were identified and brought to justice. ZachXBT also mentioned that several other well-known fraudsters, such as HZ (Chase Senecal) and Two1 (Youssef Taman), had used the same panel to conduct phishing attacks.

ZachXBT’s involvement in this case was widely appreciated in the crypto and NFT communities. It shows the importance of hard work and dedication in the fight against cybercrime, as well as the importance of the community in supporting such efforts.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check todays bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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