The FBI has arrested two individuals on charges of stealing and attempting to steal $550,000 in cryptocurrency by SIM swapping 10 victims.
The loss highlights an obvious question for security experts, who wondered why an experienced crypto executive would keep such high sums online.
Another crypto executive is suing AT&T over a SIM swapping hack that he claims cost him $1.7 million in digital assets.
Terpin plans to distribute his letter to a major mobile industry conference.
Crypto investor Michael Terpin has won an early victory in his attempt to sue AT&T over a SIM-swapping hack that lost a claimed $24 million.
U.S.-based cryptocurrency investor Michael Terpin has been awarded over $75 million in a lawsuit related to a SIM-swapping fraud.
A 21-year-old student from the U.S. who stole over $7.5 million in cryptocurrency via SIM-swap hacks has been sentenced to 10 years in prison.
A 20-year-old man has been formally charged in a U.S. supreme court indictment over 52 cases of SIM-swap identity and crypto theft.
A cryptocurrency-focused law firm in the U.S. says it has filed lawsuits against AT&T and T-Mobile on behalf of victims of "SIM swapping" hacks.