US Officials Allege Student Defrauded Apple as Part of SIM Swap Attack
A UC-San Diego student is accused of participating in a SIM-swapping scam that defrauded Apple and stole one victim’s crypto.
One alleged conspirator tried to SWAT the other after he "failed to share" the pair's stolen crypto.
Efani’s solution to SIM-swapping? Make it so difficult to make changes to a cell phone account that an attack is virtually impossible.
The man was part of a criminal group that compromised crypto accounts with assistance from contacts at mobile operators.
AT&T has won a motion to dismiss a $200 million punitive damages claim from Mike Terpin, who lost $24 million in crypto via SIM hack
The SIM swapping community entered the spotlight after helping the Twitter hacker breach the social media platform, but these threat actors have been going after the crypto community for years.
Court documents allege that Pennsylvania resident Anthony Faulk hijacked a crypto company executive's phone, stealing crypto and using the proceeds for an expensive watch, music royalties, jewelry and a house.