Crooks Arrested After Stealing $80K Worth of Crypto Using Sim Swapping

A group of eleven Turkish individuals stole roughly $80,000 in cryptocurrency from multiple crypto exchange customers by convincing phone providers to send them SIMs with the victims' phone numbers and using them for 2FA authentication to compromise their targets' accounts.

"Apparently fake IDs were prepared for this operation, according to local crypto media, with the thieves pretending the victim’s phone was stolen," as reported by Trustnodes.

Moreover, "They then managed to persuade phone providers to send them a new sim with the victim’s phone number. The real owner’s sim card was canceled."

Once the targets' phone numbers were in possession of the crooks, they used them to reset the victims' account passwords and subsequently to get away with around $80K worth of cryptocurrenc... (read more)

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