The SIM hack involves thieves taking control of a phone number and using it to get access to email accounts, bank holdings, and crypto wallets.
Crypto investor Michael Terpin lost roughly 1,5oo bitcoins on January 7, 2018, after falling victim to a SIM swap attack, The Wall Street Journal reported. The bitcoin stake was worth $24 million that day, roughly three weeks after the asset hit its record high price. The incredibly precise hack involves thieves taking control of a phone number and using it to access email accounts, bank reserves, and even crypto wallets. Visit the Business Insider homepage for more stories.
Crypto investor Michael Terpin lost roughly 1,5oo bitcoins on January 7, 2018, after falling victim to a SIM swap attack, The Wall Street Journal reported. The bitcoin stake was worth $24 million that day, roughly three weeks after the asset hit its record high price. The incredibly precise hack involves thieves taking control of a phone number and using it to access email accounts, bank reserves, and even crypto wallets. Visit the Business Insider homepage for more stories.
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