By CCN.com: A 21-year-old Boston man has been sentenced to 10 years in jail for stealing $7.5 million in bitcoin and other cryptocurrencies by hacking his victims’ cell phones through a practice called “SIM swapping.” This is the first-ever arrest and conviction in the United States for a SIM swap scam. That’s when the perpetrator clones his victims’ SIM cards in order to hack into their smartphones to gain access to their online accounts. Millions Stolen During CoinDesk Conference Joel Ortiz, 21, a UMass Boston student and his henchmen specifically targeted people in the cryptocurrency industry (which is ironic, since
The post California Jails Student for 10 Years for $7.5 Million SIM-Swap Bitcoin Hack appeared first on CCN
* First published on ccn.com
