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that has been tracking down individuals engaged in unauthorized “SIM swaps” — a complex form of mobile phone fraud that is often used to steal large amounts of cryptocurrencies and other items of value from victims. SIM swapping attacks primarily target individuals who are visibly active in the cryptocurrency space.
We have seen several high-profile accounts that were taken over on X (formerly Twitter) only to be used for cryptocurrency related promotional activities, like expressing the approval of exchange-traded funds (ETFs). The latest victim in this line-up is the Securities and Exchange Commission (SEC).
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