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10 Arrested Over SIM-Swap Hacks That Stole $100M in Crypto From Celebrities: Europol
The alleged international criminal network targeted online influencers, sports stars, musicians and their families in the U.S.
Crime-fighting agency Europol says 10 people have been arrested for SIM-swap attacks that stole over $100 million in cryptocurrency from celebrities.
- According to a Wednesday announcement, eight individuals were arrested on Feb. 9 in an international operation coordinated by Europol, following two arrests made previously in Malta and Belgium.
- All 10 are said to be part of a global criminal network that carried out SIM swapping attacks in the U.S. throughout 2020 and targeted online influencers, sports stars, musicians and their families.
- SIM swapping involves taking over victims’ phone numbers and then using cellphone authentication methods to access their apps or bank and cryptocurrency accounts by changing passwords.
- To apprehend the group, Europol worked with law enforcement authorities from the U.K, the U.S, Belgium, Malta and Canada in a year-long investigation.
Read more: Europol, Spanish Police Bust Alleged Scam Posing as Crypto Investment Training Firm
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
