SIM-swap ring stole nearly £200,000 in crypto from four BT customers; organizer jailed 2.5 years
- —Four victims lost about £200,000 ($264,200) in crypto in November 2021
- —The largest single theft was £130,000 ($171,730) from one victim on Nov 6–7
- —Shinjin kept over £44,000 ($58,124) and spent it in Dubai
- —BT detected unauthorized activity on its systems in November 2021
Why it matters: The case underscores that SIM-swap fraud remains an effective route to crypto theft and adds pressure on exchanges and banks to move away from SMS-based codes.
Source: Cryptopolitan