Quote from: Johnii on November 14, 2019, 03:37:37 PM

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.
The bitcoin stake was worth $24 million that day, roughly three weeks after the asset hit its record high price.
The incredibly precise hack involves thieves taking control of a phone number and using it to access email accounts, bank reserves, and even crypto wallets.
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One crypto investor lost bitcoin worth as much as $24 million after falling victim to a new kind of hack known as SIM swapping, The Wall Street Journal reported.
Michael Terpin was hit by the attack on January 7, 2018, days after bitcoin reached its record high price. Thieves stole roughly 1,500 bitcoins by taking control of his phone number and using Google's "Forgot password?" feature to gain access to his email. With possession of the two personal accounts, the thieves hacked Terpin's crypto wallet, stole the digital assets and quickly sold them, according to WSJ.
Bitcoin traded between $16,969 and $15,790 per coin on January 7, 2018. The digital coin now trades at roughly $8,700.

Source:
Wall Street journal

In my opinion lots of people lose their assets in such a silly to my mind way being too self-confident. Lots of people think that they will never face a problem of such kind, that their assets will never be stolen or their wallets or gadgets will never be attacked because noone knows about their amounts of coins, and that they are too inconspicuous for others. I think that it is better to keep your assets on cold wallets and remember that protection of your assets depends on yourself only.