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Hacker lifts $1 million in cryptocurrency using San Francisco man’s phone number, prosecutors say

Posted on November 21, 2018 by Dissent

Kate Rooney reports:

Losing cellphone service is inconvenient. But in some cases, it also might mean you’re getting hacked.

San Francisco resident Robert Ross, a father of two, noticed his phone suddenly lose its signal on Oct. 26. Confused, he went to a nearby Apple store and later contacted his service provider, AT&T. But he wasn’t quick enough to stop a hacker from draining $500,000 from two separate accounts he had at Coinbase and Gemini, according to Santa Clara officials.

Nicholas Truglia, 21, lifted the $1 million from Ross’ two cryptocurrency accounts, according to a felony complaint filed this month in California state court. Prosecutors say Truglia also hacked the phones of multiple Silicon Valley executives but was not able to rob their accounts.

Read more on CNBC.

Category: Commentaries and AnalysesHackOf NoteU.S.

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