ANON Founder Gets SIM Swapped Losing 2.5 BTC: Can The Crypto Community Help Find The Scammer?

ANON's Founder Gets Sim Swapped Losing 2.5 BTC; Can The Crypto Community Help Find The Scammer?

ANON’s Founder who goes by the name of The Crypto King on Twitter has called upon the crypto community to expose a hacker who sim swapped and stole 2.5 BTC. The hunt to find the hacker will be incentivized by 5BTC.

https://twitter.com/JBTheCryptoKing/status/1106373965507784704

The founder of PocetNodes clearly blames Verizon’s lack of security for this instance. However, he thinks that Binance did a good job protecting him through their high-end security and thanked the CEO of Binance for it.

He has shared the screenshots of his chat and even exposing the hacker’s photograph of his face. What’s funny about the whole incident is that the hacker tried to extort The Crypto King again for teaching him how not to get Sim swap attacked.

https://twitter.com/JBTheCryptoKing/status/1106374473228275713

In order to steal a username, an account or credentials via SIM swapping. One must know the phone number linked to these accounts. Hackers contact victims’ cell phone providers to request new SIM cards. They would then transfer the target’s phone number to the new SIM card and reset the passwords of the target’s crypto, bank, investment, social media, email accounts and those that are linked to Amazon, Netflix, and Hulu. By doing so, scammers would lock out the owner of these accounts. As a result, the owner would lose control over his/her data. Mobile Networks are to blame for this too.

SIM swapping is all about tricking mobile networks into transferring the “target’s” phone number to a SIM card controlled by the criminal. The police arrested Joel Ortiz, the 20-year old college student on charges of SIM swapping or hijacking. He collected five million dollars from hacking 40 phone numbers. As soon as they get the victims’ phone numbers, the criminals reset their passwords and hack their accounts, especially cryptocurrency accounts.

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Sritanshu Sinha
Sritanshu Sinha
Sritanshu has a keen interest in emerging technologies, startups and economic anthropology. He holds the view that cryptocurrencies are the best bet humanity has got to push the world towards a borderless economy.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

1 COMMENT

  1. Public ledger transactions = balance printed on forehead. Due diligence on open sourced TOR is long overdue. Yield prejudices for balance protection. Utilize tax dollars. Developed and maintained binary with GPS by USNR DARPA. Digital commerce utilizes GPS for free to monetize your location data. Digital currency needs TOR to randomize IP to avoid location of you and your data. Think of game “Battleship”. Don't know where you are, can't know who you are. The result is still a public ledger. Verifiable and suitable for compliance examinations. Fundamentals of XVG and BAT. How one uses the tools results in the carpenter.

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