London Man Jailed 2.5 Years for SIM-Swap Crypto Theft
- —Four victims lost £200,000 in crypto in November 2021
- —Shinjin received more than £44,000 from the proceeds of crime
- —Money was spent on Dubai trips, an apartment and gold dental grills
- —Arrested at Heathrow in October 2023, pleaded guilty in September 2026
Why it matters: The sentence highlights the growing threat of SIM-swap attacks on crypto holders and the risk of relying on SMS-based two-factor authentication.
Source: CryptoPotato