A resident of Moscow reported the loss …

A resident of Moscow reported the loss of bitcoin as a result of the substitution of a SIM card

A resident of Moscow born in 1987 turned to the police. and reported on the theft of bitcoin from him, carried out by substituting a SIM card, writes the Moscow City News Agency with reference to the press service of the capital’s Interior Ministry.

The appeal was received by the OMVD for the Krasnoselsky district. According to the victim, the replaced SIM card was registered to his father. “On this fact, the police are checking in accordance with Art. 144-145 of the Code of Criminal Procedure of the Russian Federation, “the publication says..

According to a police source, “after replacing the SIM card, the attacker entered Telegram through it and sold 1.09 bitcoin using a bot”. At the current exchange rate, the amount of damage is $ 11,060.

The substitution of SIM cards or the so-called SIM swapping has become an urgent problem for cryptocurrency holders in Western countries, but Russian users still had to learn about it mainly from the news.

In mid-2018, US authorities arrested a 20-year-old college student on charges of stealing more than $ 5 million in cryptocurrencies using SIM swapping..

A resident of Moscow reported the loss ...

According to crypto analyst firm CipherTrace, in the same year, at least one cryptocurrency holder lost $ 23.8 million due to SIM swapping. In another case, the same method was used to hack the wallets of the CrowdMachine startup and steal $ 14 million in reserves from them..

“If you work in a cell phone store, making $ 12 an hour, and someone suddenly offers you $ 400 to port one number, that deal can seem very attractive,” explains CipherTrace.

A resident of Moscow reported the loss ...

Similar articles

  • Huobi Exchange Reports Doubling…

    Huobi Exchange Announces Doubled Trading Volumes In 2018 Singapore Cryptocurrency Exchange Huobi Recorded A Twofold Growth In Activity On Its…

  • Ethical hackers report 20 vulnerabilities…

    Ethical hackers reported 20 vulnerabilities in crypto projects in 2 weeks Ethical hackers in two weeks from March 14 to March 28 found and helped fix how…

  • Binance Reduces Confirmations…

    Binance Reduces Confirmations for Deposits on Bitcoin and Ethereum Networks Binance Crypto Exchange This Tuesday Announced A Decrease In The Number…

  • Crypto exchange Cryptopia reported…

    Crypto exchange Cryptopia reported “significant losses” in hacker attack New Zealand cryptocurrency exchange Cryptopia this Tuesday…

  • Venezuelans are promised…

    Venezuelans promised to provide access to international cryptocurrency payments Venezuela will use cryptocurrencies to make…