Two alleged thieves targeted cryptocurrency executives and threatened their families, stealing hundreds of thousands of dollars in a wide-ranging scheme, according to a Justice Department indictment handed down Thursday in Massachusetts.
The pair from Massachusetts allegedly targeted cryptocurrency executives and commentators, including individuals who published crypocurrency trading guidance, owners of blockchain-based businesses and cryptocurrency project leaders. In all, they allegedly stole or attempted to steal $550,000
The indictments highlight fears that scammers will target highly public participants in the still-young cryptocurrency space. Theto early cryptocurrency adopters to be on alert and protect their private information. SIM swapping exploits the process through which cell phone carriers assign phone numbers to new phones. Thieves convince the victim's cell carrier to reassign their number to a phone controlled by the criminal. They then use the phone to authenticate monetary transactions.
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