Despite the crypto industry experiencing a major rise in mainstream interest in 2020, the year also saw many prominent crypto personnel apprehended by regulators. Over the past year, many prominent and colorful crypto personalities have been apprehended and arrested. From the jailing of antivirus pioneer John McAfee to the laying of charges against executives from […]
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“A SIM swap was part of the infamous Twitter hack in July, so this is no longer just an issue affecting the crypto industry,” said Caitlin Long. Caitlin Long, founder and CEO of Avanti Financial, is asking crypto users and others to testify in support of a piece of legislation which could help stop SIM […]
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At least 20 crypto executives and customers of an Israeli telecommunications company were targeted in a sophisticated SS7 attack last month. Hackers compromised the Telegram messenger and email accounts of multiple cryptocurrency executives last month by exploiting a vulnerability in a decades old protocol. The fraudsters are believed to have been trying to intercept two-factor […]
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The ‘Wolf of All Streets’ offers suggestions for how to protect one’s crypto assets and identity after his SIM was compromised in February. Scott Melker, also known as the “Wolf of All Streets,” says he was the victim of a SIM swap attack in February but managed to avoid losing any crypto assets. In a […]
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The CEO of a crypto firm that recently settled with the SEC over its 2017 ICO is suing T-Mobile over a series of SIM-swaps that resulted in the loss of $8.7 million worth of crypto. Reggie Middleton, the chief executive of crypto company Veritaseum, is suing telecommunications provider T-Mobile for allegedly enabling the theft of […]
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U.S.-based exchange Gemini announced hardware key compatibility on its mobile application, bolstering security capabilities for customers. Gemini revealed hardware security key functionality for its mobile application, giving customers compatibility with devices such as Yubikey for added security. Thanks to WebAuthn compatibility on Gemini’s app, iOS and Android “Gemini customers can now use USB and near-field […]
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Civil lawsuits against telecom providers such as AT&T are becoming commonplace as the number of SIM swap hacking scandals rises. On June 11, it came to light that California resident Richard Yuan Li had been charged with conspiracy to commit wire fraud for his role in a number of SIM swap attacks that targeted at […]
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A 20-year-old has been charged for his role in dozens of SIM-swap attacks, including an attempt to extort a physician out of 100 Bitcoin. Californian Richard Yuan Li, 20, has been charged with conspiracy to commit wire fraud for his role in SIM-swap attacks targeting at least 20 individuals, as well as the attempted extortion […]
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AT&T’s bid to dismiss a lawsuit alleging it was negligent for failing to prevent the theft of $1.8 million worth of crypto has been rejected. U.S. District Judge Consuelo Marshall has rejected AT&T’s bid to dismiss a lawsuit that alleges the company was negligent for failing to prevent the theft of $1.8 million in crypto […]
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New York-based blockchain intelligence firm Chainalysis has launched a new initiative to shed more light on the scope of its latest crypto crime analyses. New York-based blockchain intelligence firm Chainalysis has launched a new initiative to shed more light on the scope of its latest cryptocurrency crime analyses. Published on May 4, three installments of […]
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