Strawberrry
Forum Veteran

Credit: Sludge Feed
There’s a whole new wave of cybercrime that has been inspired by the mobile-first nature of cryptocurrency wallet storage through platforms like Coinbase and Gemini.
Called “SIM swapping,” the fraud is done when a h@cker first impersonates his victim while calling the relevant wireless provider to prompt the transfer of the victim’s current cell phone number to a new sim card owned by the h@cker. This enables the h@cker to gain access to victim’s information, apps and more importantly, access to their SMS to gain secure access codes to financial platforms.
This was exactly what happened when 21-year old Nicholas Truglia allegedly h@cked San Francisco resident and Silicon Valley executive Robert Ross on October 26, gaining access to Ross’ Coinbase and Gemini accounts to s†éál more than $1 million in cryptocurrency.