SIM Swapping

Irish Man Gets 3 Years in Prison for Stealing $2.5M in Crypto Through SIM Hacks

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A Dublin man involved in the theft of more than $2 million in cryptocurrency through SIM-swap attacks has been sentenced to almost three years in prison. Conor Freeman, 21, was handed down a two-year and 11-month sentence in the Dublin Circuit Criminal Court on Tuesday. He had pleaded guilty to several charges involving “guile and …

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Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T

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$1 Trillion in Housing Bonds: US Real Estate Crisis Held Back by Fed’s Mortgage Purchases The U.S. real estate market is facing a conundrum, as there’s now a tidal wave of renters who can’t pay rent and a massive number of mortgage defaults stacking up like never before. Amid the looming real estate chaos, the …

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Social Engineering: A Plague on Crypto and Twitter, Unlikely to Stop

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The teenager arrested for allegedly masterminding the recent Twitter hack comes from a community that’s been targeting crypto users for years. The group’s attacks have one big thing in common: They take advantage of human fallibility rather than code vulnerability. These so-called social engineering attacks are growing in sophistication, and while the Twitter case is …

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US Officials Allege Student Defrauded Apple as Part of SIM Swap Attack

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A 20-year old California resident was charged Monday by the Department of Justice for allegedly participating in a SIM-swapping scam that defrauded Apple and stole one victim’s cryptocurrency. Richard Yuan Li, a student at University of California-San Diego, is accused of one count of conspiracy to commit felony wire fraud in connection to the scheme, …

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