A teenager who stole 4.2 billion yen worth of crypto assets from just one person is arrested
A teenager in Ontario, Canada, was arrested for stealing $ 46 million worth of crypto assets from a single victim. This amount of damage is the highest ever stolen from a single victim in the history of cryptocurrency-related crimes in the country.
Arrest Made in $ 46 Million Dollar Cryptocurrency Theft
Ontario teen charged in $ 46M cryptocurrency scam | CTV News
https://toronto.ctvnews.ca/ontario-teen-arrested-after-allegedly-stealing-46-million-in-cryptocurrency-from-one-person-in-the-us-1.5669935
Canadian Teen Arrested in Crypto Theft Worth $ 36.5 Million --Bloomberg
https://www.bloomberg.com/news/articles/2021-11-17/canadian-teen-arrested-in-crypto-theft-worth-36-5-million
According to an official announcement by local Hamilton police, the young man's method of stealing $ 46 million is a technique called a 'SIM swap attack.' SIM swap collects the target's personal information and contacts the mobile operator with which the target has a contract. The trick is to trick the target phone number into a SIM card that you own, pretending to be something like 'My cell phone was stolen ...'. The phone number stolen in this way is used to break through two-step verification.
The criminal this time is spending a part of the stolen crypto assets to purchase 'a user name rare in the game community', and it seems that this transaction has made a foothold.
Since the victim was an American in this case, not only Canadian Hamilton police but also the US FBI and Secret Service participated in the investigation. The criminal youth has been charged with theft for more than 5,000 Canadian dollars (about 450,000 yen) and for possession and use of property obtained by the crime.
The age of the criminal is reported to be 'teen', but the specific age is withheld, and detective Kenneth Kirkpatrick, who was in charge of the investigation, is investigating with the Youth Criminal Justice Act, which is the Canadian juvenile law. He said he did not disclose the age of the accused for the reason.
Detective Kirkpatrick has also issued a warning to prevent similar damage, saying, 'If you use the same password for all 15 accounts, it's not secure. It's very important to use a different password for each account. 'In most cases, accounts can add two-step or three-step verification. Today, two-step or more than three-step verification is required.'
Related Posts:
in Security, Posted by darkhorse_log