Florida Man Sentenced for Role in SIM-Swapping Cryptocurrency Theft Ring That Stole Nearly $1 Million
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20-year-old Florida man sentenced to 30 months in prison and ordered to pay $945,833 restitution for role in SIM-swapping cryptocurrency theft ring.
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Between March 2021-Sept 2022, man and associates used SIM swapping to steal nearly $1 million in cryptocurrency from dozens of victims.
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Group hacked email accounts, hijacked phone numbers, and drained crypto wallets of victims.
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On April 4, 2022, group stole $28,000 in crypto from one victim after taking over their phone number.
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In total, group stole at least $950,000 from victims; the man kept around $475,000 for himself.