He decided not to use other hacked accounts personally. Instead he posted a message to Digital Gangster offering access to any Twitter account by request.
That's where the 18-year old kid is at fault. He showed a lack of hacker ethics. Good hackers may discover an exploit, but they don't do harm.
I think its more serious than "lack of hacker ethics". A cracker with an admin access can potentially delete and wipe out entire twitter accounts of not only the high profile celebrities, but also any other accounts they can find, probably including other (twitter) admins.