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Two men arrested for stealing $550,000 in cryptocurrency with Sim Swapping

Security Affairs

On Thursday, US authorities arrested two crooks charging them with stealing $550,000 in cryptocurrency from at least 10 victims using SIM swapping. American law enforcement has declared war to sim swapping scammers and announced the arrest of two individuals for stealing $550,000 in Cryptocurrency. In May, the U.S.

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Store manager admits SIM swapping his customers

Malwarebytes

For that reason, SIM swapping can be used to get around two-factor authentication (2FA) codes sent by SMS message. He was paid in Bitcoin, which was traced back to Katz’s cryptocurrency account. Consider setting up 2FA on dedicated authentication apps (such as Google Authenticator) or hardware, rather than using SMS.

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SEC X account hacked to hawk crypto-scams

Malwarebytes

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). A spot Bitcoin ETF will buy the cryptocurrency directly, “on the spot”, at its current price, throughout the day.

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Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider

Krebs on Security

authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency. The missives asked users to click a link and log in at a phishing page that mimicked their employer’s Okta authentication page. 9, 2024, U.S.

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Nine Charged in Alleged SIM Swapping Ring

Krebs on Security

million stealing cryptocurrencies and extorting people for restoring access to social media accounts that were hijacked after a successful SIM-swap. They face a fifteen count indictment, including charges of wire fraud, conspiracy and aggravated identity theft (a charge that carries a mandatory two-year sentence).

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Research Uncovers 3,200+ Mobile Apps Leaking Twitter API Keys

SecureWorld News

The report explains in more detail: "Since the Twitter API provides direct access to a Twitter account, there must be some form of authentication involved. Along with OAuth, Twitter API also uses controls such as app-based authentication and user-based authentication. Hence, OAuth tokens are used by the Twitter API.

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The Rise of AI Social Engineering Scams

Identity IQ

In fact, last year, scams accounted for 80% of reported identity compromises to the Identity Theft Resource Center (ITRC). This can occur through various channels, including phone calls, emails, or social media messages. This wouldn’t be the first time there’s been confusion as to the authenticity of Musk’s statements.