THELOGICALINDIAN - A arresting eSports gamer took to YouTube to acknowledge to his admirers how addition blanket 202400 account of cryptocurrency in an credible simswap hacking adventure a new growing cybercrime trend that appears to focus on cryptocurrency investors
Pro Gamer Doublelift Has $200K in Crypto Holdings Stolen
American able League of Legends amateur Yiliang “Peter” Peng, best accepted as Doublelift in the eSports space, was reportedly hacked, consistent in $200,000 in cryptocurrency actuality baseborn from his accounts.
In a YouTube video, Peng recounts how he woke up to a notification on his buzz from his coffer account, alerting him that his annual had become overdrawn. Peng, who has won over $174,000 in prizes throughout his career as of August 2018, says he doesn’t analysis his coffer annual often, but was afraid to apprentice it was empty.
The annual had become overdrawn due to an antithesis of Coinbase transactions, wiping out his absolute antithesis and again some. Distressed, Peng attempted to admission his Coinbase annual to see what had transpired, but to no account – the hacker had already afflicted his username and password.
Peng says the affairs totaled as abundant as $200,000.
League of Legends Star Suffers Sim-Swapping Hack
The pro gamer is assured the annexation is accompanying to some aberrant occurrences involving his corpuscle buzz provider, and the adjustment of contest suggests that Peng was the victim of a sim-swapping drudge – a bound growing cybercrime trend affecting cryptocurrency investors.
After calling T-Mobile, Peng apparent his buzz cardinal had been appear as absent or stolen, and may accept been transferred to addition handset. In a sim-swap hack, cybercriminals affectation as the buyer of the buzz cardinal in question, in adjustment to accretion admission to the buzz cardinal and use it to accept two-factor affidavit codes and added advice anchored abaft a argument bulletin verification.
The hackers took things a footfall further, creating a web of email filters advised to accumulate acute emails that ability active Peng of the hacker’s action from anytime extensive his inbox. Even the Coinbase emails acknowledging affairs were forwarded to a hidden abode and deleted afore Peng could see.
The League of Legends brilliant is assured he’ll get his baseborn funds aback eventually.
Is Sim-Swapping Becoming a Widespread Threat for Crypto Investors?
It’s not aloof Peng that was a victim of a sim-swapping attack. Other high-profile abstracts accept additionally reportedly been targeted.
Serial administrator and avant-garde cryptocurrency broker Michael Terpin is currently suing AT&T in a $224 actor accusation in affiliation to a sim-swapping drudge Terpin suffered recently. Terpin had $24 actor in cryptocurrency baseborn – essentially added than what Peng absent – in the declared hack.
Terpin blames AT&T for negligence, and alike claims that AT&T advisers may be complex in the scheme. AT&T is against the allegations.
Many cryptocurrency barter accounts are anchored application two-factor affidavit (2FA) that includes argument bulletin verification. Due to the actualization of sim-swapping hacks, cryptocurrency investors should seek to about-face their 2FA adjustment to the Google Authenticator app for an added band of protection. A hacker would charge to admission the concrete phone, not aloof the buzz number, to admission any acute accounts.
