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Convicted: King of Crypto Bankman-Fried Now King of Fraud

SIM-Swapping Hackers Steal Celebrities Cryptocurrency

Photo: National Crime Agency Police have arrested 10 individuals suspected of being part of an international gang that targeted U.S. celebrities by taking control of their phone numbers to steal large amounts of cash and cryptocurrency. Authorities say the gang used SIM-swapping attacks to steal victims phone numbers, reset passwords and then seize control of their bank accounts and cryptocurrency wallets. The attacks orchestrated by this criminal gang targeted thousands of victims throughout 2020, including famous internet influencers, sports stars, musicians and their families, says Europol, the EU s law enforcement agency. The criminals are believed to have stolen from them over $100 million in cryptocurrencies after illegally gaining access to their phones, says Europol, which helped coordinate the year-long investigation that involved law enforcement agencies in the U.K., U.S., Belgium, Malta and Canada.

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