Tagged: sim swap

September 13, 2019 @ 10:30 am By Cali Haan  |  

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

July 23, 2019 @ 1:41 pm By JD Alois  |  

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

July 13, 2019 @ 9:36 am By JD Alois  |  

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

June 4, 2019 @ 10:48 pm By Cali Haan  |  

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

May 12, 2019 @ 2:17 pm By Cali Haan  |  

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

May 11, 2019 @ 10:49 am By JD Alois  |  

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

April 16, 2019 @ 2:10 pm By Cali Haan  |  

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

February 6, 2019 @ 1:16 am By Cali Haan  |  

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

February 3, 2019 @ 10:53 am By Cali Haan  |  

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

January 20, 2019 @ 6:01 pm By JD Alois  |  

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

January 10, 2019 @ 9:01 pm By Cali Haan  |  

People who lost millions in cryptocurrencies to hackers that hijacked their cellphones are collaborating to educate the public and strike back against Telecom companies they say aren’t doing enough to prevent the hacks, Motherboard reports. Crowdfund Insider has reported on numerous cryptocurrency thefts involving the… Read More

December 14, 2018 @ 3:59 pm By Cali Haan  |  

An alleged cryptocurrency thief accused of stealing the life savings of a Silicon Valley father of two has been extradited from New York to face charges related to the theft there, the New York Post reports. In November, police arrested Nicholas Truglia, 21, in Manhattan and… Read More

November 21, 2018 @ 4:51 pm By Cali Haan  |  

Police in Manhattan have arrested and charged Nicholas Truglia, 21, with 21 counts of felony crimes related to hacks he allegedly conducted against 6 individuals, including a $1 million USD theft of cryptocurrencies from Silicon Valley executive Robert Ross. According to the New York Post,… Read More

November 8, 2018 @ 3:45 am By Cali Haan  |  

Researchers at Krebs on Security have shed new light on the nature of SIM-swap hacks, which have recently allowed thieves to steal millions in cryptocurrencies. Previously, it was thought that most SIM-swap attacks were being executed by hackers calling up mobile phone companies and impersonating… Read More