Using a phone number for identity authentication is a bad operational security practice. Handing over bitcoin to a third party like a cryptocurrency exchange...
In what the Manhattan District Attorney calls the first crypto money laundering conviction in New York, two defendants have pleaded guilty to running a drug trafficking business that laundered millions of dollars in Western Union and crypto payments.
A 21-year-old student who was accused of stealing over $7.5 million in digital assets via a SIM swapping operation has been sentenced to 10 years in prison.
SIM swappers are known to target high-security online domains such as social media accounts, email addresses, bank accounts and cryptocurrency wallets.
Leading cryptocurrency investor law firm Silver Miller Law has filed suit against cell phone giants AT&T and T-Mobile on behalf of several digital asset investors who were victims of the identity-theft tactic known as “SIM swapping.”
