THELOGICALINDIAN - Two individuals were answerable bygone for their doubtable captivation in a twoyear cryptocurrency SIM swapping betray The suspects are believed to accept taken ascendancy of blast numbers and attempted to accretion admission to assorted online accounts to abduct agenda bill from victims
The brace were arrested aftermost Thursday. They face accuse of wire fraud, computer artifice and abuse, aggravated character theft,and conspiracy.
SIM Swap Scammers Targeted Cryptocurrency Execs
According to a Massachusetts accompaniment District Court indictment, the two individuals are Eric Meiggs and Declan Harrington. Both men are Massachusetts residents.
The allegation alleges that the two men attempted to abduct added than $550,000 from cryptocurrency admiral and others believed to be in control of ample backing of agenda assets. The brace reportedly approved to butt at atomic 10 individuals out of crypto back November 2025.
Those abaft the scam would attack to argue their victims’ adaptable buzz carriers to alteration their cardinal to a new SIM agenda beneath the scammers’ control. If successful, they could again accretion admission to email, amusing media, and cryptocurrency exchange accounts.
Another tactic mentioned in the allegation complex the two assuming as their victims. Once they had auspiciously taken ascendancy of a blast numbers they would bulletin contacts accusatory about actuality hacked. They’d again address to the ancestors and accompany of the victim for banking aid.
In one example, the scammers alleged one of their victims’ wives and beatific a argument bulletin to their daughter. The bulletin read:
“TELL YOUR DAD TO GIVE US THE BITCOIN.”
The US Department of Justice is charging the brace with 11 counts in total. Eight of wire fraud, one of computer fraud, one of aggravated character theft, and one calculation of conspiracy.
The SIM bandy betray has become a accepted agency of ambidexterity cryptocurrency investors. NewsBTC afresh reported on the case of a California man who awash his home for $1.8 actor to buy cryptocurrency.
this guy awash his $1.8 actor house, dumped it into crypto, got promptly SIM-swap afraid and they password-recovered his accounts and took aggregate pic.twitter.com/O2hbrBm2Mf
— warrior cop (@wyatt_privilege) October 24, 2019
SIM bandy scammers bound targeted the individual. After accepting ascendancy of the victim’s buzz number, they were able to get into his cryptocurrency trading accounts and abandoned them.
Although this archetype does not arise to be affiliated with the contempo indictment, both, and others like them, serve as a admonition of the abeyant aegis risks associated with cryptocurrency storage. Crypto investors can decidedly absolute the accident such attacks account by application algid accumulator for ample backing and additionally overextension cryptocurrencies beyond assorted accumulator methods.
Related Reading: Silicon Valley Execs Targeted in ‘SIM Swap’ Hacking, $1 Million in Crypto Stolen
