Read

<div class="cryptonews"> 
 <p class="is-style-lead">A 26-year-old <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> thief who <a rel="noopener noreferrer nofollow" title="stole" href="https://thebittimes.com/tag/stole.html">stole</a> <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies using the SIM-swap attack has been ordered to prison for three years.</p> 
 <p>The Pennsylvania-based attacker, Anthony Faulk, used the SIM-swap technique to steal $20 million worth of crypto assets. Per the report, he tricked the SIM providers’ customer services to get control of the victim’s phone numbers.</p> 
 <p>According to Cybernews, Faulk was not alone in the theft operations. He and his associates, Ahman Hared and Matthew Ditman, used the SIM-swap attack to hack into people’s emails, bank accounts, and <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> wallets.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Drake-backed gambling startup Stake faces legal hurdles in Australia 
 </div> 
 <p>Moreover, the report revealed that the U.S. Department of Justice (DoJ) announced the sentencing On Aug. 18, after Faulk pleaded guilty.</p> 
 <blockquote class="wp-block-quote"> 
  <p>“Faulk also admitted that, in addition to transferring <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies, the co-conspirators contacted some of their victims by telephone and threatened to compromise further accounts unless the victims paid additional money to the fraudsters.”</p> <cite>The U.S. DoJ statement</cite> 
 </blockquote> 
 <p>The federal court in California also ordered Faulk to pay back his share of the stolen funds — around $2.8 million.</p> 
 <p>Moreover, the fraudsters are charged with “fraud, deception, and social engineering techniques.” They are ordered to pay back all the stolen funds — a $1 million home in Pennsylvania and $18 million sitting in three JP Morgan Chase accounts.</p> 
 <p>Per Cybernews, Faulk and his accomplices <a rel="noopener noreferrer nofollow" title="stole" href="https://thebittimes.com/tag/stole.html">stole</a> the funds from 11 victims.&nbsp;</p> 
 <p>According to Cybernews, Hared’s sentencing is set for Aug. 31, and Ditman’s court session is scheduled for Oct. 12.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Binance contemplates legal action following breakup with Checkout.com 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div>

US SIM-swapper who stole $20m in crypto jailed

TheBitTimes

Other articles published on Aug 21, 2023

Bitcoin: Europe Is the Costliest BTC Mining Hub

XRP Breaks Crucial Barrier: A Future Beyond $0.50 Beckons

Indian government uses G20 presidency to tout coordinated crypto rules

Crypto Weekly Roundup: Curve Exploit, BALD Drama, And More

Introducing ChainGPT V1, The AI-Powered Dashboard for Navigating Web3 - Launching August 10th

Gemini Exchange Responds to SEC Lawsuit: Dismissal Motion Filed

Join our free newsletter for daily crypto updates!