The 17-year-old claimed to be the mastermind behind July's Twitter hack pleaded not guilty to all charges brought against him by U.S. authorities.
Graham Ivan Clark has pleaded not guilty to all 30 counts against him by U.S. authorities at an appearance at Hillsborough County Courthouse, Florida, on Tuesday, the Tampa Bay Times reported.
State authorities have described Clark as the ringleader for a coordinated attack on 30 high-profile accounts, including CoinDesk's, that promised to double the money of users who sent cryptocurrency.
In a bail hearing Wednesday, Clark's attorney said the $725,000 bail posted Saturday was "Grossly inappropriate" with the $117,000 believed to have been gained in July's hack.
The defense argued Florida law only requires monetary conditions for bail for those accused of dangerous crimes.
Clark was investigated last year by California authorities who confiscated 400 bitcoin and subsequently returned 300.
The defense claims the return of the bitcoin legitimizes them but prosecutors allege the cryptocurrency was illegally acquired.
State prosecutors contested the defense's argument, claiming Clark poses a danger if he has access to an electronic device.
The defense said the court could "Fashion" a bail in which Clark hands over $117,000, forfeited if convicted, and returned if not, as well as restrict his access to the internet and electronic devices.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
17-Year-Old Pleads Not Guilty to Twitter Hack as Defense Tries to Lower Bail From $725K
Published on Aug 5, 2020
by Coindesk | Published on Coinage
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