At least 20 crypto executives and customers of an Israeli telecommunications company were targeted in a sophisticated SS7 attack last month.
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Category: sim swap
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Teenage Crypto Hacker Allegedly Threatened Life of 16yo Accomplice
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.
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BlockFi Users Had Their Personal Exposed Following a SIM Swap
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 Major BlockFi Data Theft Due to the temporary data breach, client data has been exposed to third-party criminals. Any unauthorized intrusion was quickly negated, yet there is still ample reason for concern. This theft is made possible thanks to a BlockFi employee becoming the victim
The post BlockFi Users Had Their Personal Exposed Following a SIM Swap appeared first on The Merkle News.
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Judge Says Plaintiff Can Proceed Against AT&T in $24M Hack Case
AT&T will face damage claims from a cryptocurrency investor who lost $24 million in a SIM swap attack in 2018
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The $45 Million SIM Swap Story Involving BCH and BTC Remains Questionable
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 to have lost over $45 million in holdings not that long ago. Of this funds, two-thirds was kept in Bitcoin Cash, whereas the remainder is in Bitcoin. Keeping such vast amounts on an exchange is asking for trouble. Criminals can monitor public blockchains with ease,
The post The $45 Million SIM Swap Story Involving BCH and BTC Remains Questionable appeared first on The Merkle Hash.
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Another Coinbase User Falls Victim to a SIM Swap Attack
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 on exchanges or online wallets are more prone to get targeted by a SIM swap attack. On Reddit, a new post has surfaced documenting such an incident. The Coinbase user in question had his account drained once criminals managed to bypass his two-factor authentication security.
The post Another Coinbase User Falls Victim to a SIM Swap Attack appeared first on The Merkle Hash.
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DOJ Indicts two US Men for SIM Swapping and Crypto Theft
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 being involved in SIM swapping incidents, resulting in the theft of various cryptocurrencies. Their main objective was to take over victims’ social media accounts and then use that information to steal cryptocurrencies. Both men face 11 different indictments, including conspiracy, wire fraud, computer fraud, and
The post DOJ Indicts two US Men for SIM Swapping and Crypto Theft appeared first on The Merkle Hash.
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Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M
The plaintiff in a $224M lawsuit against wireless carrier AT&T has turned his attention to a new target. Michael Terpin’s legal team have filed a second suit, this time against 21-year-old Nicholas Truglia, dubbed the “bitcoin bandit” by the New York press. The Manhattan resident, who was arrested on unrelated SIM-swapping charges in November, now […]
The post Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M appeared first on Bitcoin News.
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Privacy Coin Verge Has Its Twitter Hacked and Developer Doxed
Verge, a cryptocurrency that advocates “advanced privacy as a choice”, had its Twitter account hacked on Tuesday and its developer’s private details shared. The attacker then bragged about the feat to the account’s 265,000 followers and attempted to scam them out of verge (XVG) cryptocurrency. By the time the account had been restored, the price […]
The post Privacy Coin Verge Has Its Twitter Hacked and Developer Doxed appeared first on Bitcoin News.
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