10 Arrested Over SIM-Swap Hacks That Stole $100M in Crypto From Celebrities: Europol
10 Feb, 2021•Other
Crime-fighting agency Europol says 10 people have been arrested for SIM-swap attacks that stole over $100 million in cryptocurrency from celebrities.
According to a Wednesday announcement, eight individuals were arrested on Feb. 9 in an international operation coordinated by Europol, following two arrests made previously in Malta and Belgium. All 10 are said to be part of a global criminal network that carried out SIM swapping attacks in the U.S. throughout 2020 and targeted online influencers, sports stars, musicians and their families. SIM swapping involves taking over victims’ phone numbers and then using cellphone authentication methods to access their apps or bank and cryptocurrency accounts by changing passwords. To apprehend the group, Europol worked with law enforcement authorities from the U.K, the U.S, Belgium, Malta and Canada in a year-long investigation.