UK Court Jails Man for 2.5 Years in £200K Crypto SIM-Swap Case
- —Shinjin was sentenced to 2.5 years at Inner London Crown Court on October 8
- —Four victims lost nearly £200,000 ($264,200) in crypto in November 2021
- —Shinjin received over £44,000 ($58,124), including £27,000 and £17,000 from two victims
- —Police linked him to four SIM-swap devices after BT provided data
Why it matters: The case highlights the persistent SIM-swap risk for crypto holders and the toughening penalties for such attacks.
Source: The Crypto Times