Joseph James O’Connor, a British hacker who stole millions through a high-profile SIM-swapping scheme that infiltrated the social media accounts of tech giants and celebrities, faces significant financial repercussions. The U.S. authorities seized his assets following his 2023 guilty plea in a case involving over 130 compromised X (formerly Twitter) accounts, TikTok, and Snapchat profiles. O’Connor is currently facing charges for stealing Bitcoin worth over $5 million, with the British authorities now seeking to recover nearly 42 bitcoins from him. This process involves liquidating assets through a court-appointed trustee. Notably, his initial crypto theft, estimated to be worth approximately $794,000 at the time of his sentencing, has significantly increased in value due to the rise in Bitcoin’s price over time. 42 bitcoin was seized after O’Connor’s arrest and is now valued at more than five million dollars, according to the UK authorities. The process involves tracing funds across various exchanges, which requires cooperation between the U.S. and UK authorities for asset recovery. In this case, the delay in the recovery process stems from complex international legal frameworks and coordination across multiple jurisdictions. Victims will be compensated as their money is returned after a court determines the distribution of forfeited crypto assets.