Posted 1/31/2024, 1:42:00 AM
Portland Man Sentenced for $3M Cryptocurrency Theft Through Phone Number Hijacking Scheme
- A 22-year-old Portland man hijacked people's phone numbers to take over their accounts and steal $3M in cryptocurrency
- He was sentenced to 6 years in prison for the SIM card swapping scheme
- One victim said they lost 99% of their savings and nearly went bankrupt because of the man's actions
- The scheme involves getting phone carriers to switch someone's number to a SIM card the thief controls
- By taking over the number, the thief could reset passwords and access personal email, bank, and other accounts