LASER_oneXM

Level 31
Verified
A 20-year-old college student who stole cryptocurrency worth more than $5 million by hijacking victims' phone numbers has pleaded guilty and accepted a sentence of 10 years in prison.

Ortiz was arrested last year on charges of siphoning millions of dollars in cryptocurrency from around 40 victims using a method commonly known as "SIM swapping," which typically involves fraudulently porting of the same number to a new SIM card belonging to the attacker.

In SIM swapping, attackers social engineer a victim's mobile phone provider by making a phony call posing as their target and claiming that their SIM card has been lost and that they would like to request a SIM swap.
 
Reactions: upnorth and Vasudev