Security· ★★· neutral·

London court jails SIM-swapping crypto thief for 2.5 years

  • —The gang stole roughly $200,000 in crypto through SIM-swap attacks in 2021
  • —Shinjin's $40,000 share went to a luxury lifestyle, including Dubai trips
  • —He was identified via BT operator data and on-chain traces to his personal accounts
  • —He will serve the sentence after completing a previous prison term
Why it matters: The case shows SIM-swapping remains a viable crypto theft method and highlights the risks of SMS-based two-factor authentication.
Source: Bithub
More on this
Security · Oct 8
London court sentences crypto thief who splurged on gold grills
 Security · Oct 6
Russian court jails four over illegal crypto mining at Omsk power plant
 Security · Sep 19
Hong Kong ex-banker jailed for 4 years over crypto bribery scheme