US Indicts Two More Men On Cryptocurrency SIM-Swapping Case for Fraud, ID Theft and Extortion


SIM-swapping cases are, unfortunately, getting more and more common recently, especially the ones involving cryptos being stolen. Now, the law enforcement from the United States has indicted two more men alleged of being involved in this illicit activity, according to a press release from the Attorney’s Office of the Northern District of California.

The two people, Matthew Gene Ditman and Ahmad Wagaafe Hared, were accused of fraud, identity theft and extortion. However, they were released on bond until the trial, which will happen tomorrow, February 6. The two are accused of stealing sensitive data by using SIM-swapping.

According to the police, the two gained control of the phone number of the victims by the use of deceptive techniques and they used it to steal cryptocurrencies, which are harder to track. For the crimes they committed, the pair can get at least five years in prison if they are considered guilty by the court.

About SIM-Swapping

Unfortunately, SIM-swapping is a crime that is getting more common every day. Criminals find ways to clone the phone number of the victims and then use all sorts of ways to enter their accounts and steal their money or sensitive data.

People without two-factor authentication are the ones who are more prone to be affected by this kind of crime, which sometimes is made together with the hacking of email accounts.

Phone companies are often sued by their clients because of SIM-swapping cases as the users are often angry that they let the criminals get a hold of the information.

These cases are getting more common, especially in the United States, which is living a SIM-swapping epidemic, mostly due to the poor standards that the telecom companies have.

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