SIM-swap with profit 1 million dollars

A 21-year-old is accused of SIM-swapping on a mobile phone of a Silicon Valley executive. With the attack he managed to steal about 1 million dollars in cryptocurrencies.

The New York Post he says that Nicholas Truglia used his apartment on West 42nd Street, Bay Area, as a base for detecting SIM-swapping targets.

SIM-swap is an attack in which criminals call customer service agents and ask them to transfer a number to a new device.

Although the attack is often immediately noticeable by the owners because they notice that they do not receive phone calls, during this time their accounts are empty. Immediately after SIM-swapping they use the phone number to bypass 2FA security checks and access high value accounts.

According to US prosecutors, Truglia beat Robert Ross from San Francisco on October 26. The SIM-swap brought the defendant a total of $ 1 million in Coinbase from the victim's accounts.

Ross quickly realized that something was wrong with his mobile device and called the service provider, who informed him that he had changed his SIM. But by the time they restored the service and recovered the number, the cryptocurrencies had flown.

According to the authorities, the 21-year-old managed to gain access to the cards of six victims, but he did not have any valuable information on their mobile devices.

Authorities were able to recover $ 14 after Truglia was arrested on November 300.000. The rest, however, have not been identified.

Truglia is currently awaiting extradition to Santa Clara, California, where he faces a total of 21 felony counts.

SIM-swap is a very serious problem, as many of our online accounts are connected to our mobile devices. Of course, the biggest responsibility in such attacks lies with the mobile phone providers who believe in SIM-swappers.

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