“The Community” Hacking Group Charged With 15-Count Indictment By US Dept Of Justice


“The Community” Hacking Group Charged With 15-Count Indictment By US Dept Of Justice

  • A hacking group called The Community was charged with multiple counts in an indictment for SIM swapping and theft.
  • Approximately $2.5 million in crypto assets was stolen by The Community before the arrests.

Ever since the crypto industry was created on its digital platform, hackers have been enjoying their ventures into these different exchanges and digital wallet. The capture of these cyber criminals is always a sweet victory for the market, like the recent charges against “The Community,” a hacking group. The US Department of Justice has released a 15-count indictment against the group for SIM swapping, which has been their method of stealing cryptocurrency.

The charges were announced in the Eastern District of Michigan by US Attorney Matthew Schneider and the U.S. Immigration and Customs Enforcement’s Angie Salazar. According to Salazar, this investigation was run by Homeland Security, which happened on two separate continents.

Five Americans and one Irishman have been charged from the group with three crimes – conspiracy to commit wire fraud, aggravated identity theft, and wire fraud. Another three individuals were charged with the wire fraud charges brought against The Community and are thought to be former employees of various mobile phone providers.

SIM swapping is an attack that comes after the identity of the victim after finding a weakness in the two-factor authentication process that most consumers have in their devices. By convincing a mobile phone company employee, which is sometimes done with bribery, the phone number of the user can be moved to a SIM card that the hackers already have control of.

With the numbers swapped, The Community was able to access multiple online accounts for the victims, including their private details for crypto wallets and exchange accounts. Through the fraud that The Community committed, they ultimately stole $2.5 million in cryptocurrency by transferring it to their wallets. In this situation, three different employees helped with the theft, according to Attorney Schneider.

The hacking group stands to serve a maximum penalty of 20 years each for the conspiracy to commit wire fraud and wire fraud charges. If convicted of aggravated identity theft, the defendants could see an additional two years added to their sentence.

In November last year, a report on SIM swapping was released by a local law enforcement group in California, supporting their claims that the fraud was gaining traction amongst cybercriminals. In New York, a resident was ultimately indicted in February in the first SIM swapping case for the jurisdiction.

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