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Sim Swapping Crypto Hacking Group Busted in Turkey

Posted on November 6, 2018 by Dissent

From TrustNodes:

Turkish police has arrested 11 individuals on suspicion of hacking cryptocurrencies through Sim Swapping.

The individuals in question allegedly tricked phone providers into transferring the victim’s phone number to them.

Apparently fake IDs were prepared for this operation, according to local crypto media, with the thieves pretending the victim’s phone was stolen. They then managed to persuade phone providers to send them a new sim with the victim’s phone number. The real owner’s sim card was canceled.

The victim’s phone number was then used to reset the password through two factor authentication (2FA) password resets.

Read more on TrustNodes.

Related posts:

  • FBI Arrests Alabama Man in the January 2024 SEC X Hack that Spiked the Value of Bitcoin
  • Monetary penalties issued to Spanish telecoms over failure to protect consumers from sim swapping
  • Alleged ‘SIM Swapper’ Charged with Hacking into Instagram Influencers’ Accounts to Get Money and Sexually Explicit Video Chats
  • U.K. Citizen Extradited and Pleads Guilty to Cyber Crime Offenses
Category: Business SectorHackNon-U.S.Of NoteOther

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