The US authorities have arrested a 20-year old college student from Boston accused of stealing millions of dollars’ worth of digital currency by hacking into the victims’ phones.
According to court documents obtained by Motherboard, Joel Ortiz and a few unnamed accomplices allegedly hacked over 40 phone numbers belonging to crypto traders and investors. The criminal group stole more than $5 million in Bitcoin (BTC) and other virtual currencies.
“This is the first reported case against someone who allegedly used the increasingly popular technique known as SIM swapping or SIM hijacking to steal bitcoin, other cryptocurrencies, and social media accounts,” the court documents read.
The elaborate scheme...
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