Chicago Man Arrested in $400 Million Cryptocurrency Theft Scheme Involving SIM Swapping
• Chicago man arrested for alleged role in $400M cryptocurrency theft scheme involving SIM swapping • Scheme involved porting victims' phone numbers to new devices to access financial and social media accounts • Allegedly drained over $400M from a single company and millions more from individual victims • Arrest part of indictment charging 3 defendants with conspiracy, wire fraud, and identity theft • Comes after hackers used SIM swap to access SEC Twitter account and post false information