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