Post
Topic
Board Bitcoin Discussion
Re: Tech Savvy Student Steals $7.5 Million in Cryptocurrency
by
adzino
on 08/05/2019, 18:54:39 UTC
Joel Ortiz, a skilled SIM Swapper was caught and arrested back in May 2018. On April 22nd 2019, the District Attorney’s Office of Santa Clara County made their formal announcement about his sentence – 10 years in prison.

Ortiz was a 21-year-old Boston High School valedictorian and was very prolific at stealing cryptocurrency from SIM cards. The announcement states that he had hacked the crypto wallets (worth over $7.5 million) located on mobile phones of over 40 victims.

According to the announcement, it only took Ortiz just a few minutes to steal more than $5.2 million in crypto from one Cupertino cryptocurrency entrepreneur. He performed this theft back in May of 2018.

https://www.bitcrypt.co/tech-savvy-student-steals-millions-cryptocurrency/
I had to read the article after you said "stole crypto currencies from SIM card". I was like, how the hell does someone steal crypto currencies from SIM card. It's not like you can store your coin in a SIM card! But, then yeah, he used victims SIM card to have access to their account.
Sad people are not aware of security. I wonder where have they saved all these huge amount of coins that could be stole by having access to only their phone number...