April

Northern

The US Department of Justice (DOJ) has charged three people for orchestrating a SIM-swapping attack, leading to the theft of over $400 million from a company, suspected to be the collapsed <a href="https://optimisus.com/news/crypto-news/ftxs-ftt-token-falls-by-over-40-as-the-exchange-relaunch-denied/" rel="noopener noreferrer nofollow">FTX exchange</a>.  
The accused are Robert Powell, Emily Hernandez, and Carter Rohn. They allegedly conducted SIM-swapping scams targeting multiple victims from March 2021 through April 2023.  
The indictment, filed in the U.S. District Court for the Northern District of Illinois, doesn't exactly name FTX exchange , but sources cited by Bloomberg indicate that the exchange is referred to as Victim Company-1 in the filing.  
Furthermore, the 3 individuals are charged of conspiracy to commit wire fraud and identity theft. In addition, the indictment mentions that a SIM swap attack involves fraudulently convincing a carrier to reassign a cell phone number from the legitimate subscriber to a SIM card controlled by a criminal actor.  
According to the court filing, the fraudsters accessed an <a href="https://optimisus.com/news/crypto-news/ftx-exchange-struggles-to-settle-debts-raises-4-4-billion-amid-uncertainty/" rel="noopener noreferrer nofollow">FTX</a> employee’s AT&amp;T account using deceptive identities.  
They reportedly unlocked FTX’s online accounts, leading to the alleged theft of $400 million in crypto.  
Previously in November 2022, FTX had filed for Chapter 11 bankruptcy amid allegations of executives profiteering from client funds.  
The founder and former CEO, Sam Bankman-Fried or SBF, faced accusations of defrauding FTX investors and was found guilty in 2023, now facing years in prison. 
The post <a href="https://optimisus.com/news/crypto-news/the-department-of-justice-doj-charges-three-people-for-stealing-over-400-million-from-ftx-exchange/" rel="noopener noreferrer nofollow">The Department of Justice (DOJ) charges three people for stealing over $400 million from FTX exchange</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

The Department of Justice (DOJ) charges three people for stealing over $400 million from FTX exchange

Optimisus

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