Hackers stole funds from OKX users through SIM swap attacks
OKX suffers another SIM swap attack, funds stolen. Vows responsibility and transparency, promises compensation to affected users.

OKX suffers another SIM swap attack, funds stolen. Vows responsibility and transparency, promises compensation to affected users.
OKX 再次遭受 SIM 交换攻击,资金被盗。承诺承担责任并保持透明度,并承诺向受影响的用户提供赔偿。
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.
Despite a recent decrease in crypto derivative trading volumes, which fell from around $2 trillion at the beginning of the year to approximately $1.5 trillion in September, Deribit remains optimistic about its expansion plans.
A surge in SIM swap attacks has affected several cryptocurrency leaders and organizations, resulting in substantial financial losses and raising concerns about mobile carrier security.
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.
The ongoing legal battle between blockchain firm Ripple and the Securities Exchange Commission (SEC) is projected to impact the general crypto market.
If the regulator is successful in this case, it might have very negative repercussions for XRP, its investors, and the cryptocurrency sector as a whole.
The Securities and Exchange Commission (SEC) has been extensively criticized for its regulatory stance in the crypto sector.