Alleged SIM Swapping Bitcoin Hacker Used Swiped BTC For Luxury Cars Buying

Alleged 19-Year-Old SIM Swapper Used Stolen BTC To Buy Luxury Cars

A curious case has happened recently in California. It was reported that the police of California has recently arrested a 19-year-old hacker that was accused of hijacking phones to steal crypto.

The accused, Xzavyer Narvaez, is being charged for seven counts of computer crimes, identity fraud and grand theft. It looks like SIM swapping is becoming something more real recently as Joel Ortiz was also recently arrested for the same crime and it was considered to be the first one to do it in the U. S. The Florida Police has also arrested another man in part of SIM swap hacks, too.

Alledged Criminal Bought Luxury Cars

The most curious part of the case is that Narvaez spent some of the money that he stole buying sports cars. It was also because of this that the police was able to track the young man. According to the DMV records, he purchased a 2018 McLaren and paid part of it with BTC and by trading a 2012 Audi R8, which he had purchased with Bitcoin in 2017.

Californian police’s investigators obtained the information from BitPay and Bittrex. The records show a flow of 157 BTC, worth around $1 million USD, on his account.

Recently, hundreds of people in America and thousands around the world have been victim to similar scams. The criminals generally target crypto investors or people with short Instagram usernames.

Californian Police Investigating SIM Swappers

The investigators from the Regional Enforcement Allied Computer Team (REACT) have been investigating SIM swapping crimes lately in the state of California. They have found Narvaez via the used cell phone that Ortiz held. There was a link to Narvaez’s Gmail account on the phone and the investigators pierced the rest of the scam using traces.

AT&T provided the authorities with the identification numbers of the cell phones used to take over other people’s numbers and they were connected to Narvaez. This way, the police was able to identify him.

The police was able to identify three victims of Narvaez after obtaining information from Apple and AT&T. According to the reports, one victim lost $150,000 USD.

According to sources from the SIM swapping community, Narvaez was one of the best of them all. He used the username @gameroom on Instagram (account now gone) and had pictures of the 2018 McLaren that he bought with the caption “live fast, die young”.

At the moment, the alleged SIM swapper is in jail and the county is still investigating the case.

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