Tagged: sim swap

Crypto Exchange FTX’s “Missing” $400M Was Allegedly Stolen via SIM-Swapping Attacks, DOJ Claims

The US Department of Justice (DOJ) has reportedly unsealed indictments that have been made against three people for allegedly stealing more than $400 million from the bankrupt crypto exchange FTX. These three individuals had allegedly carried out a sophisticated SIM-swapping technique in order to gain… Read More

SIM Swap Scam: Court Orders Crypto Criminal to Repay $20 Million to Michael Terpin, Attorneys Reaffirm Lawsuit Against AT&T

The long saga of Michael Terpin’s battle against SIM Swap fraudsters and allegations that AT&T shoulders much of the blame, saw one chapter closed this past week as the courts ordered perpetrator Nicholas Truglia (25) to repay $20.379 million Terpin. He has also been sentenced… Read More

SIM Swap Perp Gets 18 Months in Prison for Stealing $20 Million of Crypto, Ordered to Pay Restitution in 2 Months

SIM Swap perpetrator Nicholas Truglia has been sentenced to 18 months in prison and ordered to pay $20,379,007 in restitution to the victim of his cryptocurrency theft. Truglia is required to repay the victim within 60 days. Truglia was sentenced yesterday by US District Judge… Read More

More SIM Swap Scammers in the Slammer, Meanwhile Michael Terpin’s Lawsuit Against AT&T Gains Interesting Ally

This week, the US Department of Justice sentenced two individuals for a plot to steal crypto in a SIM Swap scam. SIM Swaps became a hot fraud ploy several years back as a way to steal digital assets – easily moved once stolen. Perps would… Read More

Identity Fraud Hitting 9% of Brits: GBG Survey

Nine per cent of smartphone users in the United Kingdom, as many as 5.7 million people, have fallen victim to identity fraud in the last 12 months, according to research by digital identity firm GBG. GBG’s State of Digital Identity Report 2022 reveals young adults aged… Read More

The FBI Warns About Growing SIM Swap Threat: $68 Million Stolen in 2021

SIM Swap fraud has been prevalent for years now targeting both traditional financial services as well as crypto investments. The scam is where a criminal hijacks your mobile phone by using a new SIM card affiliated with your phone number. Once accomplished, two-factor authentication goes… Read More

UK Arrests Eight in SIM Swap Hack of Celebrities Where Bitcoin and Money Were Stolen

The UK National Crime Agency (NCA), working in concert with the US Secret Service, Department of Homeland Security, Federal Bureau of Investigation, and Santa Clara DA’s Office, have arrested eight men, aged 18 to 26, in England and Scotland in regards to SIM Swap hacks… Read More

Cybersecurity Firm Unit 221B Comments on Twitter Breach, Perps Used Same Techniques as SIM Swap Hacks

  The Twitter hack that saw 130 different accounts compromised and embarrassed the popular social media company is still be sorted out. It has been reported that the FBI is involved in the investigation of how exactly the perpetrators gained access to prominent Twitter accounts… Read More

Twitter Hack – Security Researcher Points to Notorious Sim Swap Fraudsters

Twitter continues to dig through the rubble following the epic Twitter hack that saw approximately 130 high profile Twitter accounts hijacked with Tweets distributing a Bitcoin trap for the unsuspecting. Thank you for your continued patience and understanding while we investigate this incident. We’ll continue… Read More

SIM Swap Traps BlockFi Too in “Temporary Data Breach”

SIM Swaps, the nefarious act when criminals surreptitiously take over your mobile phone with a different SIM card, hit crypto lending platform BlockFi earlier this month. BlockFi quickly posted an “incident report” outlining the scam: “From approximately 07:17 UTC to 08:43 UTC on May 14,… Read More

Alleged Cryptocurrency Thief is a Suburban New York High School Senior, Terpin Sues to Get Money Back

  Michael Terpin has sued 18-year old Ellis Pinsky, a high school senior living in the posh New York City suburb of Irvington in Westchester County. Terpin alleges that Pinsky was the perpetrator of a “sophisticated cybercrime spree” that saw over $100 million stolen in cryptocurrency… Read More

Ongoing SIM Swap Lawsuit by Michael Terpin Sees Response to AT&T’s Motion to Strike $200 Million Punitive Damage Claim

The ongoing lawsuit regarding a SIM Swap scam filed by Michael Terpin against AT&T Mobility took another step forward this week. Earlier this year, it was ruled that plaintiff Terpin can proceed with statutory, contract, and tort damages claims against AT&T Mobility for $24 million… Read More

Michael Terpin’s SIM Swap Lawsuit Against AT&T Moves Forward

According to a release, Michael Terpin’s lawsuit targeting mobile service provider AT&T will move forward. The case involves a SIM Swap fraud that Terpin believes AT&T could have easily halted. This week, Judge Otis Wright II ruled that plaintiff Michael Terpin can proceed with statutory,… Read More

Temporary Millionaire: Teenaged SIM-Swap Cryptocurrency Hacker Indicted in New York

A prolific teenaged SIM-swap hacker has been indicted in New York for stealing the identities of at least 75 people across the United States and more than $1 million USD in cryptocurrencies from them via SIM-swap attacks on victims’ cell phones. Yousef Selassie, 19, is… Read More

Another Alleged SIM-Swap Cryptocurrency Thief Indicted

A 23-year-old who allegedly used cryptocurrencies he stole from crypto executives and users to fund the purchase of houses, a Ferrari, a Rolex and the royalty rights to twenty songs was arrested in Latrobe, Pennsylvania, December 11th. Anthony Francis Faulk has been charged with one count of… Read More

Crypto Investor & Sim Swap Hack Victim Michael Terpin Publishes Open Letter to Ajit Pai, Chairman of the FCC

Michael Terpin, well known within the cryptocurrency industry, was a victim of a serious theft of crypto several years ago as approximately $24 million in crypto was stolen from his accounts via a Sim Swap hack. Terpin went on to file a lawsuit against AT&T… Read More

Another Civil Case Launched Against AT&T for Allegedly Failing to Prevent Crypto Theft

A plaintiff called Seth Shapiro is suing telco giant AT&T (NYSE:T) for its role in allegedly allowing hackers to access his cellphone on four occasions and enable the theft of $1.8 million USD in cryptocurrencies from his crypto exchange accounts. SIM-swapping is a type of hack… Read More

Coinbase UK Settles Lawsuit After Being Forced to Freeze Stolen Bitcoins Settles Lawsuit

Coinbase UK has settled a lawsuit with the CEO of Alphabit regarding Coinbase’s alleged handling of Bitcoins worth almost $1 million USD that were allegedly stolen from Alphabit by hackers in July, Law 360 reports. Alphabit is UK-based “crypto-asset investment company” that claims to manage… Read More

Michael Terpin’s $224 Million Lawsuit Against AT&T Pertaining to $24 Million SIM Swap Theft of Crypto Proceeds in Federal Court

The Judge engaged in the SIM Swap lawsuit against AT&T Mobility has denied a request by AT&T to dismiss the case. The case, Terpin v. AT&T Mobility, pertains to a $24 million loss of cryptocurrency that was facilitated by SIM Swap fraud. Terpin is requesting… Read More

Bitcoin Norway Shuts Down Due to Theft via SIM Swap Hack and “Sophisticated Spear-phishing Techniques”

Bitcoin Norway has shut down all operations according to its website and posts on Facebook. Bitcoin Norway is a cryptocurrency exchange that claims to have served over 25,000 Norwegians since 2013. Last week, via Twitter, the exchange said they are dealing with extraordinary problems: Hei… Read More

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