$1M in Crypto Disappears after SIM Swapping by US Hacker

California authorities have indicted New York citizen Nicholas Truglia on 21 felony charges of cryptocurrency hacks, including the theft of $1 million in virtual coins. The defendant used the so-called SIM swapping trick to gain illegal access to digital asset accounts, as reported on Tuesday.

The Santa Clara County District Attorney Office, which handles prosecutions in California’s sixth most populous area, suspects Truglia of 11 SIM swapping attacks. One of the victims, San Francisco resident Robert Ross, lost $1 million in savings for his two daughters’ college education. Ross was storing the sum in US dollars in two crypto exchanges, Coinbase and Gemini. On October 26, he found that his phone had lost signal and after contacting Apple (NASDAQ:AAPL) store’s staff and mobile operator AT&T (NYSE:T), the victim alerted REACT – a special

This article appeared first on Cryptovest

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