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A teenager has been arrested in Canada after committing what law enforcement officials in Ontario have described as the largest crypto theft by a single person. The Canadian is accused of stealing tens of millions of dollars through a SIM swap targeting a crypto holder in the U.S. Teen Arrested in Canada for Stealing Crypto … Read more
Over the last eight years, U.S. law enforcement has seized a great number of bitcoins and at one time, the Federal Bureau of Investigation (FBI) held one of the largest bitcoin wallets after the Silk Road takedown. A recently published report shows the FBI has started using cryptocurrency mixing applications in recent times in order … Read more
“A SIM swap was part of the infamous Twitter hack in July, so this is no longer just an issue affecting the crypto industry,” said Caitlin Long. Go to Source Powered by WPeMatico
At least 20 crypto executives and customers of an Israeli telecommunications company were targeted in a sophisticated SS7 attack last month. Go to Source Powered by WPeMatico
The teenage hacker who allegedly stole $23.8 million in crypto from Michael Terpin may have threatened the life of a 16-year-old enlisted to help launder the money. Go to Source Powered by WPeMatico
Ethereum’s DeFi industry is growing by leaps and bounds, but not all solutions are safe from harm. In the case of BlockFi, there was a recent data theft, although no funds are affected at this time. The data theft in question seemingly dates back to May 14, according to an official post by BlockFi. A … Read more
AT&T will face damage claims from a cryptocurrency investor who lost $24 million in a SIM swap attack in 2018 Go to Source Powered by WPeMatico
Losing funds is not uncommon in the cryptocurrency space. This is primarily due to the ongoing rise in SIM swapping attacks. Several users have fallen victim to a SIM swap in recent years. BCH SIM Swap Story Seems Questionable It has proven to be a very effective method for criminals to exploit. One user claims … Read more
Cryptocurrency users around the globe face many different threats. SIM Swaps are perhaps the worst type of attack, yet they continue to occur on a regular basis. Anyone keeping bitcoin or altcoins on an exchange would be better off using a hardware wallet of some sorts. Another SIM Swap Story Pops up Users who rely … Read more
Putting an end to cryptocurrency scams remains an ongoing effort. The Department of Justice has recently arrested and charged two individuals for stealing cryptocurrencies. In the document published on the DOJ website, it is explained how two Massachusetts men are currently in custody. SIM Swapping Culprits get Nabbed Both of these individuals are charged with … Read more
