20-year-old imprisoned for $1M crypto SIM-swap scam
A 20-year- old Florida man who was part of a group that stole close to $1 million in Crypto in a series of SIM swap attacks has been sentenced to 30 months in jail, reports The Register. Between March 2021 and September 2022, Jordan Persad, alongside several co-conspirators, purchased access logs that contained the credentials of victims’ email addresses, hijacked their cell phone numbers, and gained unauthorized access to their online Crypto accounts. In a plea agreement, Persad describes one instance of the group accessing the account of an Arizona resident and stealing $28,000 worth of crypto . “My co-conspirators and I then divided the stolen cryptocurrency amongst ourselves,” Persad said. Over 1,000 Indian police caught up in $240M crypto scam Read more: Texas city locals warned of Crypto Scam impersonating FBI Persad, who knew some of his co-conspirators by their online names, personally made $475,000 from the scheme. In total, the gang defrauded victims out of...