20-Year-Old Florida Man Sentenced for $1M Crypto SIM Swap Scam
A 20-year-old individual from Florida has been sentenced to 30 months in prison for his involvement in a cryptocurrency SIM swap scam that resulted in the theft of nearly $1 million.
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A 20-year-old individual from Florida has been sentenced to 30 months in prison for his involvement in a cryptocurrency SIM swap scam that resulted in the theft of nearly $1 million.
According to ZachXBT, Yahya Maghrab's role primarily involved conducting lookups on X/Twitter accounts through his panel, facilitating scammer Skenkir in identifying potential US targets for SIM swap attacks.
Amidst a surge in Crypto hacks, CFPB takes proactive steps with regulatory measures to protect consumers.
The rogue developer also seized codebases and made an attempt to gain control of the project's social media accounts - demanding a significant share of their treasury and NFT reserves in the process.
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The SIM card, functioning as a hardware wallet, will initially undergo testing with the central bank digital currency (CBDC) in select pilot areas. This test will only be available to a specific group of Android phone users, but there are plans to expand its availability in the near future.
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FTX confirmed recovering over $5 billion in crypto, cash and liquid securities, $415 of which was stolen through hacks.
The hack, which some observers had characterized as a rug pull, was estimated to have netted $12 million.
Heather Morgan — known by her rap name “Razzlekhan” — and a self-described serial entrepreneur and prolific author — has been charged with money laundering and conspiracy in connection with the 2016 Bitfinex hack.