Tagged: sim swap

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

Cryptocurrency Aficionados in US Hit by Another Wave of SIM-Swap Hacks

After a period of relative quiet during the first part of this year, “CryptoTwitter” started lighting up late last month with reports of a spate of SIM-swap hacks being waged against known American personages in the crypto investing world, ZDNet reports. In a SIM-swap hack,… Read More

Six Members of Transnational Hacking Group, “The Community,” Indicted for Crimes Related to SIM-Swap Hacks

Six members of a transnational hacking group known as “The Community” have been indicted in the Eastern District of Michigan and charged with conspiracy to commit wire fraud, wire fraud and aggravated identity theft in relation to SWIM-swap hacks they allegedly conducted to steal cryptocurrencies by… Read More

Report: Michael Terpin Wins $75.8 Million Civil Judgement Regarding Crypto Theft via SIM Swap Hack

Michael Terpin, a prominent cryptocurrency advocate and founder of Marketwire, has won a whopping $75.8 million civil judgment against SIM Swap perp Nicholas Truglia, according to a report in Reuters referencing court documents.  In the theft, Terpin was fleeced of approximately $24 million in crypto… Read More

REACT: Five SIM-Swap Crypto Hackers Arrested in US in 2018, Dozens at Large

A sergeant from the Silicon Valley-based Regional Enforcement Allied Computer Team (REACT) says 5 hackers, aged 18-26, who collectively stole $50 million USD in cryptocurrencies by taking over victims phones were arrested in 2018, The New York Post reports. Two of the more infamous alleged… Read More

Another Accused SIM-Swap Cryptocurrency Hacker Indicted

20-year-old Dawson Bakies of Ohio has been charged with multiple counts of felony Identity Theft, Grand Larceny, Computer Tampering, Scheme to Defraud and other related felony and misdemeanor counts relating to alleged SIM-swap hacks on more than 50 victims across the US. The indictment of Bakies for… Read More

First Convicted SIM-Swap Hacker Agrees to 10-Year Sentence

Joel Ortiz, a 20-year-old California college student, has accepted a plea deal and has agreed to a sentence of 10 years for stealing $5 million in cryptocurrencies from victims he robbed via SIM-swap hack, Motherboard reports. Ortiz will be sentenced on March 14, and it… Read More

Going in Hot: Michael Terpin to Use RICO Act in Pursuit of Justice against Alleged SIM Swap Crypto Fraudster Nicholas Truglia

SIM Swap fraud is a pressing problem not only in the crypto world but identity fraud in general. A fairly new scam, the con is hatched when a criminal takes over an individual’s mobile phone by cloning the hardware. Once the perpetrator controls the mobile… Read More

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