Three Indicted for $400M FTX Crypto Hack Via SIM Swapping
• Three people were indicted for allegedly carrying out a $400 million hack tied to crypto exchange FTX • The hackers allegedly used SIM swapping over 2 years to steal identities and commit fraud • An FTX employee's account was compromised to divert crypto from FTX wallets on November 11, 2022 • Over $400 million in cryptocurrency was transferred out of FTX wallets into the hackers' wallets • SIM swapping involves hijacking someone's phone number to bypass authentication and access accounts