Tech

Netflix & Spotify hacker to pay back $1.66 million in stolen cash & crypto

Published

2 years ago

October 29, 2021

The man who hacked and sold Netflix and Spotify subscriptions is being ordered by police to forfeit his money

The Australian Federal Police are asking for more than 1.66 million dollars in cryptocurrency and cash will be returned to the Commonwealth.

The convicted 23 year old worked with a man in the U-S to steal customer’s log-in details, selling them at a lower price online.

He pleaded guilty to the crimes in October 2020 and faced restraining order over several banking accounts presumed to belong to him.

The requested 1.2 million dollars in cryptocurrency will mark the largest confiscation of cryptocurrency by the Commonwealth.

The amount will be used to improve cyber safety, crime prevention and law enforcement.

The Minister for Home Affairs says the government “Will continue to fund projects and initiatives that make it harder for criminals to prey on Australians, by using proceeds of crime that are seized from criminals themselves”.

Related Topics:australia Featured Politics Tech trending

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Tech

Ticker News is available on podcast apps and iHeartRadio

Published

3 weeks ago

September 1, 2023

ticker NEWS

Ticker News available on podcast apps, allowing you to hear the latest news, plus special programs.

Ticker News is available as a podcast.

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Tech

Meta to launch microblogging competitor in wake of Twitter backlash

Published

3 months ago

July 5, 2023

ticker NEWS

The recent backlash against Musk’s proposed tweet cap could prove to be the perfect time to launch the competitor

Meta Platforms, the company behind Facebook, plans to launch a microblogging app called Threads on Thursday, to operate as a direct competitor to Twitter.

The launch comes just days after Twitter boss Elon Musk attracted criticism by announcing limits to how many posts users could read on the platform.

Threads will allow users to directly port their followers from Instagram, another app owned by the company, and to keep the same username. This feature will allow users to supercharge the often slow process of building a following on the new site.

While other apps such as Mastodon and Blue Sky have failed to present much of a challenge to Twitter, Threads is launching after a period of intense criticism and scepticism of Twitter, which followed Musk’s US$44 billion purchase of the platform in 2022.

Musk has made significant staffing cuts in areas like content moderation which has caused a rift with advertisers. He has also implemented several elements such as an US$8 per month account verification system which has proved unpopular with users.

Instagram boasts roughly 2.3 billion users compared to Twitter’s almost 400 million, which poses a significant user advantage from which to draw from.