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The 18-year-old is expected to serve three years in a juvenile facility in return for the plea.

Companies inspired by the cryptocurrency are creating social networks, storing online content and hosting websites without any central authority.

On Tuesday, federal agents served a Massachusetts teenager with a search warrant. He appears to have played a significant role in the July 15 Twitter attack, investigators and fellow hackers said.

The authorities arrested a 17-year-old who they said ran a scheme that targeted the accounts of celebrities, including former President Barack Obama and Elon Musk. Two others were also charged.

Several people involved in the events that took down Twitter this week spoke with The Times, giving the first account of what happened as a pursuit of Bitcoin spun out of control.

Even some basic questions about how an array of Twitter’s most popular accounts were taken over remain unanswered.

In a major show of force, hackers breached some of the site’s most prominent accounts, a Who’s Who of Americans in politics, entertainment and tech.

A decentralized internet was hailed as a way to dethrone Twitter and Facebook. But to the tech giants, the idea could unload some of their burdens.