A Crypto investor Michael Terpin lost roughly 1,5oo bitcoins on January 7, 2018, after falling victim to a SIM swap attack, The Wall Street Journal reported.
January 2018? Talk about ancient...
SIM attacks are nothing new, it is but another attack vector. People should act smarter, but its quite the opposite. One tells them to stop using windows our put wallets in smartphones, and yet they keep doing it, until they get hit and blame it on Bitcoin, when in reality it was their attitude that prompted it.
Google dependency also didn't help, maybe if he just used another email provider...
Bitcoin and its characteristic that allows each single user to become their own bank switches the responsibility of protecting their coins to each one of us and it is important to not take that responsibility lightly, it is very important that we do everything that we can to protect our coins even if the amount of money is small to us, since there are many people out there that would like to get possession of our coins, it is incredible that all of this could have been prevented by just buying a hardware wallet and store his holdings there.