[ad_1]
The submit $20 Million Crypto Rip-off Utilizing Sim-Swap! appeared first on Coinpedia Fintech Information
A 26-year-old man from Pennsylvania has been sentenced to a few years in jail for stealing $20 million value of cryptocurrencies utilizing the SIM-swap method. Anthony Faulk used the method to realize entry to his victims’ cell phone accounts after which to their crypto wallets. As soon as inside, he was capable of switch the funds to his personal accounts. Faulk is one among many individuals who’ve used this method to steal cryptocurrencies lately, and regulation enforcement officers are growing their efforts to crack down on this sort of cybercrime.
[ad_2]
Source link
