Canada Detains Teen for Alleged $36 Million Cryptocurrency Theft

Canada Detains Teen for Alleged $36 Million Cryptocurrency TheftA 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 […]

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FBI Public Service Announcement Warns of ‘Increased’ Crypto ATM, QR Code Fraud

FBI Public Service Announcement Warns of 'Increased' Crypto ATM, QR Code FraudThe Federal Bureau of Investigation (FBI), America’s domestic intelligence and security service, has published a public service announcement concerning fraudulent schemes associated with cryptocurrency ATMs and QR codes. The FBI’s warning, published on November 4, highlights the presence of “scammers” directing their energy at unknowing victims. US Federal Agency Warns of Increase in Crypto ‘Scammers’ […]

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FBI Warns Digital Currency Exchanges and Crypto Owners of Possible Threats

FBI Warns Digital Currency Exchanges and Crypto Owners of Possible ThreatsThe U.S. Federal Bureau of Investigation (FBI) issued an industry-wide warning about possible attacks on exchanges and crypto holders this week. The institution declared that there are threats actively tracking virtual asset platforms in order to take hold of these assets, causing financial losses in the process. Sim swapping, account theft and tech support staff […]

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Europol Arrests 10 Members of a Sim Swapping Criminal Gang That Stole Cryptocurrencies Worth $100 Million

Europol Arrests 10 Members of a Sim Swapping Criminal Gang That Stole Cryptocurrencies Worth $100 MillionThe European law enforcement agency, Europol, has arrested 10 people believed to be members of the criminal gang that stole cryptocurrencies with an estimated value of $100 million. The arrests follow an international investigation into a series of sim swapping attacks that occurred in 2020. According to Europol, this criminal gang had also targeted high-profile […]

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Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T

Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&TA California judge has dismissed the $200 million in damages claim against the telecom giant AT&T for alleged negligence and fraud. The judge still ruled the telecom company had to answer the lawsuit by Michael Terpin for enabling the theft of $24 million worth of his cryptocurrency after a company agent gave his sim card […]

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Reddit User Gets Through a SIM Swapping Attack Without Extensive Losses

TheMerkle_Belgium Anonymous SIM CardIt appears that the number of SIM swapping attacks continues to rise. This trend is particularly evident in the cryptocurrency space. On Reddit, a new post regarding a SIM Swapping attack has surfaced this week. The SIM Swapping Saga Continues In the post, the user explains how he was targeted, yet seemingly managed to not lose any funds in the process.  It is still too early to say for sure, as not all of these attacks result in immediate loss of money. In the span of a few minutes, the individual received numerous worrisome text messages. He was informed as

The post Reddit User Gets Through a SIM Swapping Attack Without Extensive Losses appeared first on The Merkle Hash.

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Crypto-Stealing SIM Swapper Pleads Guilty, Gets 10 Years in Prison

Joel Ortiz, a college student who allegedly stole cryptocurrency worth over $5 million, has pleaded guilty and accepted a 10-year prison sentence. Ortiz was arrested last year and accused of hijacking the phone numbers of around 40 people. He is now the first person to be sentenced for the crime, commonly known as SIM swapping. […]

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Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M

Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81MThe 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 […]

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